Mr. Speaker, the bottom line here is that we are dealing with the second reading of a bill that was killed because the House prorogued last year. Suffice it to say that if we have taken it this far, we should at least get the bill into committee and see if we can make some changes to it.
I have been very clear in saying that just passing this bill is not the only answer to the problem. It is a much more complicated area that involves re-regulation, having the regulatory authorities stop hiring their friends in the companies for which they used to work. These regulators are regulating their peers. There should be law enforcement type people running the regulatory authorities with the proper authority to proceed against these white collar criminals.
I mentioned that Conrad Black was not prosecuted and jailed in Canada for his crimes. His deal with CanWest of Winnipeg on the non-competition fees was all a Canadian act. The reality was that it took the Americans to prosecute him on those non-competition fees and put him in jail where he belonged, and should have stayed, by the way.