Finance committee  This is especially true of the small and medium-sized businesses in our communities that are the largest job providers, as you know. The Canadian Federation of Independent Business estimates that businesses currently spend over $30 billion a year in complying with regulations. Our government has done a lot to reduce the number of regulations that businesses have to comply with and the paperwork burden associated with that, but Bill C-47 goes further and it includes two important measures.

Credit Card Industry  Speaker, the credit card code of conduct was worked on in consultation with the Canadian Federation of Independent Business, the Chamber of Commerce, and with consumer groups in Canada. We worked on it over many months. I am pleased to say we had the support of all of the participants by the time we developed this voluntary code of conduct, which is working well for consumers and for the industry in Canada.