Madam Speaker, I admire the hon. member's sincerity, specifically the pride he shows not only in his area but his country, something we all could benefit from.
There are comprehensive common reporting standards in this budget implementation act. It is a one-size-fits-all program that was put in place by Ottawa to meet its OECD commitments. It really discriminates against small credit unions throughout this country and has caused a fair bit of grief, particularly as we already have similar American regulations to deal with, known as FATCA.
My question is this. Does the member support these common reporting standards as they are or does he believe, like many credit unions, that they do need to be changed taking into account the different structures of credit unions in this country?