Mr. Speaker, this process and the consultations have been in place since 2010.
The sunsetting clause, the sunsetting of the legislation this year, makes this important legislation to come to the House today, not only to ensure that we give it its due diligence, but to ensure that we pass it.
As for significant amendments to the legislation, as I said in my speech and has been said by members on both sides of the aisle, the banking system that we have in Canada is one of the best in the world. It is recognized around the world as one of the strongest banking systems there is. It is one of the reasons why we did not have to bail out the banks in our country as has happened in the United States, England and other countries around the world. It is very important that we continue along this line, without adding substantial amendments that the NDP would like to put in place.