Mr. Speaker, on behalf of the all-party steel caucus, I would like to communicate our position that private member's Bill C-223 merits further study at committee stage.
Many past and present employees of the steel industry are being seriously affected by the shake-up that is occurring in this sector. As a result, provisions in the Bankruptcy and Insolvency Act are being implemented and these employees and pensioners find themselves at a disadvantage to other creditors after years of hard toil and loyal service, and at a time in their lives when it is most difficult to start over.
This issue is not unique to either the steel industry or even to Canada. It is a growing serious concern for men and women across the country. The steel caucus is unanimous that a serious study of the provisions of Bill C-223 as they relate to the Bankruptcy and Insolvency Act is required.
Our position has been communicated to the Minister of Industry and a copy has been sent to all members of the House of Commons. Let us have a full review of this issue. Our employees and pensioners deserve nothing less.