Madam Speaker, there are a couple of themes I have heard in Conservative speeches about this bill. One is that the ownership threshold is too high at 25%. I think one of the awkward tensions with another line of Conservative argument is that the 25% standard is actually present in most of the provincial registries that currently obtain. I think part of the goal of starting with a 25% ownership threshold was to have more congruence with existing provincial systems.
My concern is that, as we try to resolve these tensions between, as the member rightly pointed out, the importance of collaborating with the provinces and some of the things we might like to see as more stringent requirements in the legislation but that are not congruent with the existing provincial situation, the clock is ticking. There are folks, like Putin's buddies, who are hiding money here in Canada and whom a public beneficial ownership registry would help pursue.
It is not perfect legislation, but can we get the legislation passed before summer in order to ensure that we can begin doing the work to bring those folks to justice?