Madam Speaker, I trust my hon. colleague for Skeena—Bulkley Valley has read the bill. He makes me wonder whether he has, because if he has, he knows that the current limit is one of only $75 million. The bill proposes to increase it to $650 million. That is nearly tenfold. It is a dramatic increase in the liability limit and I am surprised he does not make any acknowledgement of that fact.
If the bill passes second reading and goes to committee, we will have the opportunity at committee to hear witnesses and experts on the question of the liability level. I think he is familiar with the parliamentary process. He knows there are votes at committee. There are votes at report stage and third reading. Then the Senate deals with the bill. There are many opportunities, as the bill goes forward, to make decisions in regard to what makes sense and what does not and whether it makes sense to go forward or ask the government to start over again.
My impression is that the bill is a good level. However, I am certainly interested to hear what witnesses have to say at committee.