Mr. Speaker, we are talking about a very important public policy issue that has been advocated by a number of members of parliament on both sides of the House.
There will be a vote on Bill C-213. All the vote is about is whether the bill merits being sent to committee to be studied further. If there are particular aspects of the bill that certain individuals do not advocate, it is their opportunity to use the parliamentary procedure that exists to amend it in committee.
There are four initiatives in the bill put forward by the member for Lévis-et-Chutes-de-la-Chaudière.
The first initiative is to ensure that we re-establish bilateral trade talks with the Americans.
The second initiative is to ensure that we have accelerated depreciation within Revenue Canada leasing regulations, which is a tax cut and not a subsidy.
The third initiative is to have a loan guarantee program very similar to what the Americans have, known as title XI. This loan guarantee program ensures that potential purchasers both domestically and abroad have access to capital in the most prudent and cost effective manner possible.
The formula the hon. member for Lévis-et-Chutes-de-la-Chaudière is advocating is similar to a program the Americans have had since 1936 and there has not been one loan default.
I ask all members of the House to understand that we will be voting on whether the bill merits being sent to committee. I challenge all members to at least advance this public policy issue and support it at second reading.