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
The Chair presented the Ninth Report from the Subcommittee on Agenda and Procedure. The Report read as follows:
Your Subcommittee met on Tuesday, March 27, 2018, to consider the business of the Committee and agreed to make the following recommendations:
- That, in relation to the statutory review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, the Committee dedicate additional meetings based on the remaining lists of witnesses provided on Friday, February 16, 2018; and that, should the Committee’s travel to Toronto, Ontario, London, United Kingdom, Washington, D.C. and New York City, New York, United States of America, in the Spring 2018, be cancelled, efforts be made to invite these witnesses to appear by videoconference.
- That, notwithstanding the Committee’s routine motion on the distribution of documents adopted on Wednesday, February 3, 2016, and the usual practice of committees concerning access to electronic documents, Pierre-Luc Dusseault, M.P., and Pat Kelly, M.P., be added to the Committee’s distribution list and be granted access to the Committee’s digital binder site for the remainder of the parliamentary session.
- That the Committee retain interpretation services in regard to their trip to Toronto, Ontario, London, United Kingdom, Washington, D.C. and New York City, New York, United States of America, in the Spring 2018, in relation to the statutory review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
- That the representatives of Financial Consumer Agency of Canada be invited to appear to discuss their review of bank sales practices prior the commencement of the study of a budget implementation bill.
On motion of Jennifer O'Connell, it was agreed, — That the report of the Subcommittee be concurred in.
Jennifer O'Connell moved, — That
1. the Committee begin a subject matter study of Bill C-74, An Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018, and other measures on Tuesday, April 24, 2018, if the Bill itself has not yet been referred to the Committee;
2. the Committee hear from departmental officials on the subject matter of Bill C-74 on Tuesday, April 24, 2018, from 3:30 p.m. to 5:30 p.m;
3. if Bill C-74 is referred to the Committee by the House during the subject matter study of the Bill, all evidence and documentation received in public in relation to its subject matter study of Bill C-74 be deemed received by the Committee in the context of its legislative study of Bill C-74;
4. the Clerk of the Committee write immediately to each Member of Parliament who is not a member of a caucus represented on the Committee, to inform them of the beginning of the subject matter study of Bill C-74 by the Committee and to invite them to start working on their proposed amendments to the Bill, which would be considered during the clause-by-clause study of the Bill;
5. Members of the Committee submit their prioritized witness lists for the study of Bill C-74 to the Clerk of the Committee by no later than noon on Friday, April 13, 2018, and that these lists be distributed to Members that same day;
6. the Subcommittee on Agenda and Procedure meet on Monday morning, April 23, 2018, to finalize the list of witnesses to be invited to appear on Bill C-74;
7. the Committee hear from witnesses on Bill C-74 from April 24, 2018, to May 10, 2018;
8. the Committee invite the Minister of Finance to appear on Bill C-74 on Thursday, May 3, 2018, from 4:00 p.m. to 5:00 p.m., and that officials appear from 5:00 p.m. to 6:00 p.m., if necessary;
9. proposed amendments to Bill C-74 be submitted to the Clerk of the Committee in both official languages by 5:00 p.m. on Tuesday, May 15, 2018, at the latest;
10. the Committee commence clause-by-clause consideration of Bill C-74 on Tuesday, May 22, 2018, at 3:30 p.m., subject to the Bill being referred to the Committee;
11. the Chair may limit debate on each clause to a maximum of five minutes per party, per clause; and
12. if the Committee has not completed the clause-by-clause consideration of the Bill by 9:00 p.m. on Wednesday, May 23, 2018, all remaining amendments submitted to the Committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause-by-clause consideration of the Bill, as well as all questions necessary to report the Bill to the House and to order the Chair to report the Bill to the House as soon as possible.
After debate, the question was put on the motion and it was agreed to, by a show of hands: YEAS: 5; NAYS: 4.
Tom Kmiec gave notice of the following motion:
That the Chair of the Committee write, as soon as possible, to the Chair of the Standing Committee on Industry, Science and Technology, inviting that Committee to study the April 2017 report of the Office of the Superintendent of Bankruptcy (OSB) entitled “Review of Licensed Insolvency Trustee Business practices in relation to administration of consumer insolvencies.”
Tom Kmiec gave notice of the following motion:
That the Standing Committee on Finance undertake a study over a period of four meetings to review the tax revenue losses to the federal government, including but not limited to royalties, personal and corporate income taxes, and levies, as well as review the fiscal impacts, including loss of business and economic activity, resulting from the construction delays of the Trans Mountain Expansion Pipeline; that it review the potential long-term federal benefits, including employment opportunities that the project would generate; and that it report back to the House and make a recommendation as to whether or not the Government of Canada should declare the Trans Mountain expansion project to the national advantage of Canada and invoke Section 92(10)(c) of the Constitution of Canada.
Sandy Stephens, Marc-André Pigeon, Ethan Kohn, Jane Birnie and André Lareau made statements and, with Sabrina Kellenberger and Stuart Davis, answered questions.
At 5:17 p.m., by unanimous consent and pursuant to Standing Order 115(5), it was agreed that the Committee continue to sit.
At 5:35 p.m., the Committee adjourned to the call of the Chair.