Mr. Speaker, Bill C-54 would allow for exactly what the member has described. If an individual had his own property and resources and went to a bank to borrow $800,000 against his assets, Bill C-54 would allow that.
All of the Liberal leadership candidates, to one extent or the other, took out loans because this is a big country and the process is long, which requires financing. Those loans need to be converted within 18 months into contributions under the current limit, which, under the Federal Accountability Act, is $1,100. Every one of those leadership candidates has the responsibility now of raising money under the rules of the Federal Accountability Act to convert their loan. We know they are out doing this. The member makes a very good point because that is exactly what those people are committed to and required to do at this stage.
If we can identify areas of abuse that might happen, then we should work together to fix them and plug them. However, those leadership candidates are under that requirement now.