Skip to main content

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.

For an advanced search, use Publication Search tool.

If you have any questions or comments regarding the accessibility of this publication, please contact us at

Previous day publication Next day publication


Meeting No. 19

Thursday, May 3, 2001

The Standing Committee on Finance met at 9:44 a.m. this day, in Room 701, La Promenade Building, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Sue Barnes, Carolyn Bennett, Maurizio Bevilacqua, Roy Cullen, Ken Epp, Roger Gallaway, Albina Guarnieri, Yvan Loubier and Gary Pillitteri.

Acting Members present: Murray Calder for John McCallum and John Williams for Joe Peschisolido.

In attendance: From the Library of Parliament: Marc-André Pigeon, Researcher.

Appearing: From the Department of Finance: Roy Cullen, Parliamentary Secretary to the Finance Minister.

Witnesses: From the Department of Finance: Richard Botham, Chief, Knowledge and Innovation, Economic and Corporate Finance Branch; Werner Heiss, Director and General Counsel, General Legal Services; Bob Bartlett, Senior Analyst, Government Financing Section, Financial Markets Division, Financial Sector Policy Branch.

The Order of Reference dated Monday, April 23, 2001, being read as follows:

ORDERED, -- That Bill C-17, An Act to amend the Budget Implementation Act, 1997 and the Financial Administration Act, be now read a second time and referred to the Standing Committee on Finance.

The Chair called Clause 1.

Roy Cullen made a statement and, with other witnesses from the Department of Finance, answered questions.

Sue Barnes moved, – That the Committee do now proceed to clause-by-clause.

Debate arose thereon.

At 10:40, a.m., the Committee suspended.

At 10:53, a.m., the Committee resumed.

Debate resumed on the motion of Ms. Barnes.

The question being put on the motion, it was agreed to, on division.

Clause 1 carried, on division.

Clause 2 carried, on division.

Clause 3 carried, on division.

Clause 4 carried, on division.

Clause 5 carried, on division.

The Chair called Clause 6.

John Williams moved, -That Bill C-17, in Clause 6, be amended by replacing lines 14 to 24 on page 3 with the following:

"6. (1) Section 85 of the Act is amended by adding the following after subsection (1):

    1. Sections 89 to 119, 127 to 130.2 and 153 to 154 do not apply to the Canada Pension Plan Investment Board.

(2) Subsection (1.1) is deemed to have come into force on December 31, 1998."

After debate, the question being put on the motion, it was, by a show of hands, negatived: YEAS: 3; NAYS: 6.

Clause 6 carried, on division.

The Title carried, on division.

The Bill carried, on division.

ORDERED, -- That the Chair report Bill C-17 to the House as the Fifth Report of the Committee.

At 11:05 a.m., the Committee adjourned to the call of the Chair.

Pat Steenberg

Clerk of the Committee