Mr. Speaker, when my friend from St. John's East mentioned that a campaign promise of the Liberals was being fulfilled in Bill C-50, I went back to look at the Liberal platform because as I recall, this was not a campaign promise. The campaign promise on electoral financing would ensure that the loophole of unlimited spending by political parties before the writ drops would be closed, and controlled spending within the writ period.
The more significant campaign promise was that 2015 would be the last election held under first past the post. We must get back to that if the Liberals do not squander a lot of what particularly younger Canadians entrusted when they cast their votes.
Bill C-50 really deals with an almost microscopic issue of the importance of electoral reform and campaign finance reform. This only became an issue because of the optics of cash for access fundraising that conflicted with the Prime Minister's own words.
Bill C-50 would close that loophole, but there are many more important issues with respect to improving democracy in this country than this so-called cash for access piece. Let us be clear. Under our existing laws all donor names have to be published and donations held at $1,500. This legislation deals with the issue of private fundraising that creates the impression of elite access.