Madam Speaker, the member for Mississauga South just referenced the fact that there was no information sharing contemplated by the bill. I just want to remind him that in fact it is in the bill. There are provisions in the bill for sharing of information with foreign authorities on this particular issue.
The bill clearly has administrative penalties of $1 million for individuals and a maximum of $10 million for corporations and organizations, but it does not have any provisions for jail sentences. There are no criminal offences in the bill. I think that is a big oversight, because huge corporations normally follow the law and I do not think they are going to be violating the law and paying million-dollar fines. They are just going to stop doing whatever they are doing.
The exposure is for smaller operators such as the gentleman recently who had a $1 billion lawsuit against him by Facebook. He simply declared bankruptcy. He is not paying any fines. He does not have any money to pay any fines. Because there are no jail-time provisions in the bill at all, small operators are going to continue in the same way they have for many years, putting out spam knowing full well that they are not going to pay the fines anyway. Since there are no jail sentences, they do not have a lot of exposure.
They talk about directors' and officers' liability and piercing the corporate veil. All that is great if that is where the exposure is. If the big companies are doing this and they are worried about paying million-dollar fines, then piercing the corporate veil is an issue that has to be addressed, but I do not think that is the reality out there. The reality is going to be smaller operators who do not give a hoot about million-dollar fines and will only be deterred by jail sentences, which are not in the bill.
Would the member like to comment on that?