which could chose to lend money to certain candidates as well as absorb any unpaid loans. "We expect that when people take out loans, they pay their loans and don't just walk away," Gourde, however, cautioned. OTTAWA -- The Conservative government is set to introduce legislation Wednesday that would make it much more difficult for political parties and candidates to get cash. Democratic Reform Minister Tim Uppal is expected to announce the federal government is reintroducing a bill that would impose strict limits and restrictions on loans to political parties, associations and candidates. This would be the Tories third attempt to close, what they see as, loopholes in the Canada Elections Act. A previous version of the bill, introduced in 2010, banned unions and corporations from making any loans, imposed a $1,100 limit on loans by individuals and made financial institutions and political entities the only bodies allowed to provide loans beyond that amount. The contribution limit is now likely to be $1,200 because of the sliding scale that also caps political donations. The Conservatives also want to impose mandatory disclosure terms, such as the interest rates of the loans and the identity lenders and loan guarantors. The Tories believe tighter rules are needed to ensure candidates can't simply walk away from unpaid loans. They previously sought to hold riding associations or parties responsible for repaying loans taken out by their candidates. Like Huffington Post Canada's Ottawa Bureau Chief Althia Raj's reporter page on Facebook and follow her on Twitter