An Act to amend the Bank Act (branch closures)

This bill was last introduced in the 38th Parliament, 1st Session, which ended in November 2005.

Sponsor

Judy Wasylycia-Leis  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Not active, as of Dec. 13, 2004
(This bill did not become law.)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Bank ActRoutine Proceedings

December 13th, 2004 / 3:15 p.m.
See context

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

moved for leave to introduce Bill C-316, An Act to amend the Bank Act (branch closures).

Mr. Speaker, I am pleased to reintroduce this bill which deals with the Bank Act and branch closures.

This bill addresses the failure of the Bank Act to provide consumers with meaningful input into decisions by banks to cut off essential financial services by compelling those banks to conduct public consultations before such decisions are made. This is a national issue that touches communities right across Canada, particularly like my own in Winnipeg North. The banks have basically deserted our community, leaving the citizens in my area vulnerable to high interest, unregulated fringe banking alternatives.

I look forward to members in the House debating this bill and supporting this important idea.

(Motions deemed adopted, bill read the first time and printed)