Industry committee  Thank you very much to each of our witnesses. In previous slides it was mentioned that we should set a target for reducing red tape at 25% over three years. I'm wondering if that leads really to another metric, perhaps regulations that are more costly or that take more time, impede growth or exports, or wherein there is a correlation between business size and the costs of compliance, as opposed to the rate of progression that we saw on the slide.

Industry committee  I noted something in figure 7. I don't know which slide it is, but in figure 7, you cite costs of $6,000 per employee for a business with fewer than five employees. Is the bulk of that cost in there the eight pages? I just want to know what that cost is related to.

Industry committee  That's measured in the time taken to do—

Industry committee  Of course. Figure 16 talks about the social cost of regulation. You talked about B.C. They cut their regulations in half and had better outcomes. Did you measure if there were more innovations? We talked about the innovation side of things. How did that play out in B.C. and is there a way to measure that?

Industry committee  I get that. I'm trying to figure out how the innovation side comes into play, because when innovation starts to spur, I'm wondering if you have what you were referring to earlier, where you have these regulations popping up. You could cut them in half, but you want to see that innovation, so it will be a good study to see what happens on the innovation side of things if you cut regulations in half.

Industry committee  Can you pick one recommendation that you would make?

Industry committee  That's okay.

Industry committee  Thank you. I think I'm over time, Mr. Chair.

Industry committee  Thank you very much, Mr. Chair. I want to thank all the witnesses. I have five minutes, so I'm going to try to ask as many questions as possible. Mr. Chisick, at the opening of your statement, you said that you agreed with the views from many of the witnesses who came ahead of us.

Industry committee  Thank you very much. Dr. Geist, you talked about the windfall that would be created with the life plus 70. How do you recalibrate the windfall that would be created by the USMCA? More specifically, can it be recalibrated within the confines of the act?

Industry committee  If each of you were to make one recommendation that we should consider as part of the review, what would it be? I'll let you start.

Industry committee  Can I go over to...? No? It's the same question. Anybody who's ready for it, go ahead.

Industry committee  Thank you very much. Thank you to all the witnesses. To the Canadian Bar Association, if I'm reading this correctly, your recommendation is to consider implementation of the notice-and-takedown system. In the written statement you've provided, you say that neither system, notice and notice or notice and takedown, is perfect.

Industry committee  I'm just asking a question.

Industry committee  You also talk about the anti-counterfeiting section. You recommend that simplified procedures be adopted to permit the relinquishment of uncontested counterfeits, and that the importer, in a failure to respond to any accusations against them, be required to relinquish the detained counterfeits, or the CBSA has to relinquish the detained counterfeit to the rights holder.