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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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Meeting No. 4

Wednesday, March 14, 2001

The Standing Committee on Finance met in a televised session at 3:34 p.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Sue Barnes, Carolyn Bennett, Maurizio Bevilacqua, Scott Brison, Roy Cullen, Ken Epp, Albina Guarnieri, Richard Harris, Sophia Leung, Yvan Loubier, John McCallum, Joe Peschisolido, Pauline Picard and Gary Pillitteri.

In attendance: From the Library of Parliament: Blayne Haggart and Marc-André Pigeon, Researchers. From Committees and Parliamentary Associations Directorate: Mike MacPherson

Witnesses: From Canadian Institute of Chartered Accountants: Graeme K. Rutledge, Chair, Financial Institutions Reform Study Group; Tricia O'Malley, Chair, Accounting Standards Board. From T-Base Research & Communications Inc.: Sharlyn Ayotte, President and Chief Executive Officer; Leonard J. Fowler Jr., Chair and Chief Operating Officer. From Canadian Retail Hardware Association: Robert Elliott, President; Linda Nolet, Director, Membership and Legislative Affairs. From Canadian Federation of Independent Business: Catherine Swift, President; Brien G. Gray, Senior Vice-President, Policy and Provincial Affairs.

The Committee resumed consideration of Bill C-8, An Act to establish the Financial Consumer Agency of Canada and to amend certain Acts in relation to financial institutions (See Minutes of Proceedings, Thursday, March 1st, 2001, Meeting No. 2).

On Clause 1.

Graeme Rutledge, Tricia O’Malley, Sharlyn Ayotte, Leonard Fowler, Robert Elliott and Catherine Swift made statements and, with the other witness, answered questions.

At 5:36 p.m., the Committee adjourned to the call of the Chair.

Pat Steenberg

Clerk of the Committee