Mr. Speaker, I would like to thank my hon. colleague for the question and, as our small business critic, for all of his great work on that file. This relates to small business, to consumers and to all Canadians.
Everyone in this House will agree that financial literacy is truly an important subject and an important issue for all Canadians. However, this bill does not make financial literacy the priority. It makes creating the leader of a financial literacy organization with costs that go with it the priority. There is no talk in this bill about terms of reference that are going to point to what we should be bringing forward, how we should define it and how we should advance it. Those are the things this bill needs to include.
As I mentioned before, the original recommendation from the financial literacy task force talked about ensuring there is an advisory council. This bill does not include that. If we are taking the recommendations of the financial literacy task force, which we also had some concerns with, then we need to ensure those recommendations are there. The member asked his question in French and while I am working on my French, one of the most important things is that this bill does not include a proviso that the person should be able to speak in both official languages.