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FINA Committee Meeting

Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.

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MINUTES OF PROCEEDINGS

Meeting No. 1

Monday, February 19, 2001

The Standing Committee on Finance met at 3:34 p.m. this day, in Room 308, West Block.

Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Scott Brison, Roy Cullen, Ken Epp, Albina Guarnieri, Jason Kenney, John McCallum, Joe Peschisolido, Pauline Picard and Gary Pillitteri.

Acting Members present: David Price for Roger Gallaway, Pat Martin for Lorne Nystrom, John Richardson for Nick Discepola, Jacques Saada for Sue Barnes, Andy Savoy for Sophia Leung, Judy Sgro for Carolyn Bennett, Richard Mercier for Yvan Loubier and James Moore for Dick Harris.

Also present: From the Research Branch of the Library of Parliament: Blayne Haggard and Jean-Marc Pigeon, Research Officers and Marion Wrobel, Senior Research Analyst: From Committees and Associations Directorate: Mike Macpherson, Procedural Clerk.

The Clerk of the Committee presided over the election of a Chair.

Roy Cullen moved, -- That, Maurizio Bevilacqua be elected Chair of the Committee.

After debate, the question being put on the motion, it was agreed to.

Accordingly, Maurizio Bevilacqua was declared duly elected Chair of the Committee and took the Chair.

On motion of Gary Pillitteri, it was agreed, -- That Nick Discepola be elected Vice-Chair of the Committee, in absentia.

On motion of Pat Martin, it was agreed, -- That Scott Brison be elected Vice-Chair of the Committee.

On motion of Albina Guarnieri, it was agreed, -- That the Chair, the two Vice-Chairs, a parliamentary secretary and one member from each of the other parties do compose the Sub-Committee on Agenda and Procedure.

On motion of Judy Sgro, it was agreed, -- That the Chair be authorized to hold meetings to receive evidence when a quorum is not present provided that the Chair and at least two (2) Members are present, including a Member of the Opposition and provided that if no Member of the Opposition is present 10 minutes after the designated start of the meeting, the meeting may proceed.

On motion of Jacques Saada, it was agreed, -- That, the Committee retain the services of one or more research officers from the Library of Parliament, as needed, to assist the Committee in its work, at the discretion of the Chair.

On motion of Jacques Saada, it was agreed, -- That witnesses be given up to 10 minutes for their opening statement and that during the questioning of witnesses there be allocated up to ten (10) minutes for the first questioner of each party and that thereafter five (5) minutes be allocated to each subsequent questioner, at the discretion of the Chair.

On motion of Albina Guarnieri, it was agreed, -- That a copy of the transcript of in camera meetings be made and kept in the office of the clerk of the Committee for the purposes of consultation.

On motion of David Price, it was agreed, -- That, pursuant to Standing Order 111(4), whenever an Order in Council for appointment or a certificate of nomination for appointment is referred to the Committee, the Clerk shall obtain and circulate to each member of the Committee a copy of the curriculum vitae of each appointee/nominee.

On motion of Albina Guarnieri, it was agreed, -- That the clerk of the Committee be authorized to distribute public documents in the original language provided that the translation and the distribution of the translation follow as quickly as possible.

On motion of John McCallum, it was agreed, -- That, as established by the Board of Internal Economy and if requested, reasonable travelling, accommodation and living expenses be reimbursed to witnesses who are invited to appear before the Committee, up to a maximum of two (2) representatives for any one organization.

On motion of David Price, it was agreed, -- That, when required, the Clerk be authorized to make the necessary arrangements for working meals for the Committee.

On motion of Jason Kenney, it was agreed, -- That, when a minister of the Crown or the Governor of the Bank of Canada is to appear before the Committee, the proceedings be televised.

At 4:07 p.m., the Committee proceeded to discuss its future business.

It was agreed, -- That, in relation to Bill C-8, An Act to establish the Financial Consumer Agency of Canada and to amend certain Acts in relation to financial institutions, the Committee would dispense with a briefing from officials of the Department of Finance.

It was agreed, -- That a letter would be sent to witnesses who had appeared or made a submission on Bill C-38 in the last Parliament, asking them to re-submit their brief and to indicate whether they wish to appear again.

It was agreed, -- That the Committee’s hearings on Bill C-8 would begin on Tuesday, February 27, 2001 and would otherwise follow the schedule on the calendar, as tabled.

At 4:17 p.m., the Committee adjourned to the call of the Chair.

Pat Steenberg

Clerk of the Committee