Mr. Speaker, I appreciate the dialogue by the member and certainly the ending of his speech where he indicated that the opposition party, the Liberal Party, will be supporting the bill at second reading to move it to committee.
I have heard now from two members of the Liberal Party today on the bill with respect to the issue of the regulatory body that will exist. There is a bit of a misunderstanding here. This would be a self-regulating body. While we have spoken this afternoon about the difficulties we face with fraudulent consultants, rip-off artists and all of the other names that we use to describe these individuals who take advantage of other human beings, we also have a number of people in this industry who are legitimate. They would like the opportunity to self-govern and to ensure there is no place for those who are not in this business to help people but only to hurt people and for their own financial advantage. This will not be a regulatory body with the same sort of statutes as some of the provinces use with their agencies or regulatory bodies, depending on the profession, but it will be one that is set in place and it will be a self-regulatory one.
Part of the problem of getting into creating statutes is that we end up creating bodies that are costly. There are many bureaucracies that exist for years upon years and end up costing the taxpayer tens of millions of dollars. We do not want that. We want a very simple straightforward piece of legislation in this process that will do what its title says, which is to ensure that crooked consultants no longer have a place in this country to do business.