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FINA Committee Meeting

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Meeting No. 96

Wednesday, May 1st, 2002

The Standing Committee on Finance met at 3:35 p.m. this day, in Room 209, West Block, the Chair, Sue Barnes, presiding.

Members of the Committee present: Sue Barnes, Carolyn Bennett, Roy Cullen, Nick Discepola, Albina Guarnieri, Richard Harris, Sophia Leung, Maria Minna, Shawn Murphy, Pauline Picard, Gary Pillitteri, Bryon Wilfert.

In attendance: From the Research Branch of the Library of Parliament: Blayne Haggart and Marc-André Pigeon, Research Officers

Witnesses: From the Department of Finance: Denis Normand, Senior Chief, Payments, Financial Sector Division, Financial Sector Policy Branch; Doug Wyatt, General Counsel, General Legal Services.

Pursuant to its Order of Reference of Friday, April 19, 2002, the Committee resumed consideration of Bill S-40, An Act to amend the Payment Clearing and Settlement Act (See Minutes of Proceedings, Thursday, April 25, 2002, Meeting No. 94).

The Committee proceeded to the clause-by-clause consideration of the Bill.

Clause 1 carried.

The Title carried.

The Bill carried.

ORDERED, --That the Chair of the Committee report the Bill to the House, without amendment.

At 3:38 p.m., the sitting was suspended.

At 3:41 p.m., the sitting resumed in camera.

The Committee considered its future business.

The Chair presented the Third Report of the Sub-Committee on Agenda and Procedure which reads as follows:

Your Sub-Committee on Agenda and Procedure met on Thursday, April 25, 2002 and agreed to recommend the following:

That the Committee invite the Conference Board of Canada, the Atlantic Institute for Market Studies, the C.D. Howe Institute (Finn Poshmann), Senator Roch Bolduc, Donald Savoie, Yves Séguin and Tracy Snoddon to participate in a panel discussion on equalization.

That the pre-budget discussion panels be composed of 4-6 groups/individuals, taken from the list of potential witnesses already approved by the Committee, and that each panel be allocated a maximum of two hours.

It was agreed, --That the Third Report of the Sub-Committee on Agenda and Procedure, with the deletion of the fourth invitation in paragraph one, be concurred in.

At 4:00 p.m., the Committee adjourned to the call of the Chair.

Marc Toupin

Clerk of the Committee