Mr. Speaker, Division 18 of the government's budget bill empowers the Minister of Finance to approve loan guarantees to infrastructure megaprojects through the new $35 billion infrastructure bank. I asked him eight times at committee who would pay for the losses in the event that such a project or its builder went under. He could not answer and did not know.
Could the Prime Minister tell the House who will pay for the losses in the event that a loan guarantee-backed project goes under?