Mr. Speaker, the Government of Canada also recently announced the Canadian warranty commitment program under which the federal government committed to honouring consumer warranties on new vehicles purchased from GMCL and Chrysler Canada Inc. for a limited time period while improved restructuring plans are put in place.
Budget 2009 included at least $5 billion in new financing through EDC and BDC that aims to enhance cooperation with private sector financial institutions under the new business credit availability program. EDC has a number of services specifically designed for the auto sector, including financing and insurance capacity in that sector. As can clearly be seen, the federal government understands the urgency of the challenges facing the economy and the auto sector in particular.
In recognition of the auto sector's crucial importance in generating wealth for all Canadians, we need to stay the course and focus on the big picture, and not unnecessarily add further pressures to an industry fighting for its survival.
I would like to congratulate the hon. member for bringing forward the right to repair issue before the House. However, there is concern the bill has some fundamental legal and policy issues. I look forward to further discussion on how to address these issues going forward.