Mr. Speaker, I have a question for the member about his comments on the wage protection process. He has valid concerns and I share them. This, no doubt, will be an extremely complex issue when it comes before the House.
We are dealing with the interplay between federal jurisdiction and provincial jurisdiction and whether the company is under the Bankruptcy Act, or under the CCAA or insolvent. We do not want to develop or create an impediment to companies seeking financing in Canada.
My understanding is this is not in Bill C-48. It would require separate legislation or a major amendment to existing legislation. It would have to come back before the House. I assume it would be debated extensively, dealing with a separate appropriation.
Why would the member hold up this bill, which seems to have broad approval from across Canada, for that issue?