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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. 165

Monday, December 7, 1998

The Standing Committee on Finance met in camera at 11:20 a.m. this day, in Room 371, West Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Carolyn Bennett, Maurizio Bevilacqua, Scott Brison, Ken Epp, Roger Gallaway, Dick Harris, Yvan Loubier, Gary Pillitteri, Karen Redman and Paul Szabo.

Acting Members present: Serge Cardin for Odina Desrochers; Hec Clouthier for Nick Discepola; George Baker for Sophia Leung; The Hon. Lorne Nystrom for Nelson Riis; Carmen Provenzano for Tony Valeri.

In attendance: From the Library of Parliament: Richard Domingue, Research Officer and Marion Wrobel, Senior Analyst.

In accordance with its mandate under Standing Order 108(2), the Committee began the consideration of its draft report on the Future of the Canadian Financial Services Sector.

It was agreed, - That a note be printed on the first page of the 12th Report of the Standing Committee on Finance, reflecting an agreement made in the House of Commons on October 2, 1998, that a preliminary report be tabled in December 1998 and that a final report be tabled in March 1999.

It was moved, - That the cover page reflect the preliminary aspect of the Mackay Report and that the content be consistent with the motion adopted by unanimous consent on October 2, 1998.

The question being put on the motion. It was negatived.

It was agreed, - That the cover page of the report be identical to the cover page of the Pre Budget Consultations Report but without the words Report of the Standing Committee on Finance.

It was agreed, - That the draft Report, be adopted as the Committee’s Twelfth Report to the House and that the Chairman be instructed to present it to the House.

It was agreed, - That the title of the Twelfth report be as follows: The Future Starts Now. A study of the Financial Services Sector in Canada.

It was agreed, - That the Committee print 3,000 copies of its Twelfth Report in English and 750 copies in French with a distinctive cover.

It was agreed, - That the Committee authorize the printing of the dissenting opinions of the Opposition Parties, and that they be submitted to the Clerk's office no later than December 9th at 5:00 p.m.

It was agreed, - That the Chairman, researchers and clerks be authorized to make such typographical and editorial changes as may be necessary without changing the substance of the report.

It was agreed, - That members of the Standing Committee on Finance solemnly promise on their honour not to disclose or comment on the content of the Committee Report on the Future of the Canadian Financial Services Sector or on any dissenting opinions included in the Report before the Report is tabled in the House.

At 1:25 p.m., the Committee adjourned to the call of the Chair.

 

Jacques Lahaie

 

Roxanne Enman

Clerks of the Committee