Madam Speaker, I want to thank my hon. colleague for his speech and for presenting this bill to the House. As a member of the finance committee, we are now in the midst of a study on pensions. We have had a tremendous number of individuals and organizations come to see us.
I want a small clarification on the bill. The people who have come to see us have been asking for legislation to move from unsecured individuals or creditors as pensioners to preferred secured, not oversecured and not super ahead of creditors. There is a request for preferred status whereby a group of employees would receive their wages owed first, then the secured creditors, then the other creditors. Is this bill moving them ahead of the secured status to the super secured status, or is it doing what people have been asking for, which is preferred status, below secured?