Mr. Speaker, perhaps for clarification for the member, in my comments I did state that over the past four decades there has been a trend toward deregulating the rail industry, but the industry is still regulated, particularly when it comes to terms of rail safety. That is the direction we are talking about. The purpose of the act would serve to confirm the federal government's exclusive jurisdiction. I think it clearly states that. It talks about government approval for the construction. It talks about government approval for all changes in ownership and it authorizes the government to make regulations regarding maintenance and repair, with safety and security being a vital part of that entire plan.
In the House of Commons on May 1st, 2006. See this statement in context.