Madam Speaker, it has been good to work with the hon. member. We will have good discussions on this bill.
The member raised the point about how some people have a house that they could possibly get collateral on, but others may not. He then said maybe a relative could provide a loan. Where does it stop? Where would those guidelines be?
The fact is, we are trying to stop wealthy individuals who have the ability to provide a loan but then have no real expectation of repayment.
For some established political parties, there is a possibility that the individuals could get 60% back on their cost. However, there are other political parties which do not have a chance of getting anywhere in an election. What if one of those candidates were to borrow money under the member's plan and then just walk away from the loan? Where does it stop?
At the end of the day, we need to have rules and guidelines. The bill that we presented has accountability and it is transparent. It says that the maximum one could borrow is the amount one could contribute. Anything over that would be considered a contribution.
I ask the member, how would he solve that issue?