Mr. Speaker, our government is following through on its commitment to increase standards of accountability and transparency in political financing.
Yesterday our government reintroduced legislation to ensure that political loans are subject to the same scrutiny as other political contributions. This bill will help fight the perception that wealthy individuals can still buy influence and that the rules can be skirted easily if one has enough money.
The bill makes changes to the Canada Elections Act that will create uniform and transparent rules for the use of loans and limit the influence of wealthy individuals on the political process. It is time to ensure full transparency in political loans.