Mr. Speaker, I thank the member for her remarks. It is a major piece of legislation. Many stakeholders and groups were involved in the preliminary work. The Competition Act and the changing world around us are part of what the committee will have consider in depth.
I have three pages of people who have provided input. Some of the provinces have participated and some have not. Some departments in the provinces have participated. I believe very strongly that the legislation before the House today, the Competition Act, will require an in-depth study by the Industry Canada committee. It is something that touches everybody in Canada in one way or another.
We will have to take our time as we go through the industry committee to make sure we have heard from Canadians from all provinces and territories to understand how lives will be affected and how lives will be protected at the same time.
Whether it is $4 billion or $5 billion made from telemarketing fraud, the numbers are very high. People have lost their complete life earnings as a result of telemarketing fraud people who do not care at all and want to get as much as they can. We as a committee have to make sure we have laws in place to stop it.
A Canada-US working group has spent a lot of time on it. There are a number of items in the Canada-US working group that both countries need to address. This legislation is trying to address our portion of it.
There are other areas that need to be looked at. As previous speakers said, there is a lot of work to be done to try to make the legislation we have reflect the changing world around us today.