Bill C-305 (Historical)

An Act to amend the Bills of Exchange Act (rights of bill holders)

This bill is from the 40th Parliament, 3rd session, which ended in March 2011.

Sponsor

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

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of March 3, 2010
(This bill did not become law.)

Summary

This is from the published bill.

This enactment amends the Bills of Exchange Act to make the rights of a bill holder subject to a right or defence of set-off held by a purchaser in respect of an action by the seller. The purpose of the enactment is to prevent the cashing of cheques by a cheque-cashing business where a cheque has been cancelled by the person who wrote the cheque.

Similar bills

C-374 (41st Parliament, 2nd session) An Act to amend the Bills of Exchange Act (rights of bill holders)

C-374 (41st Parliament, 1st session) An Act to amend the Bills of Exchange Act (rights of bill holders)

C-305 (40th Parliament, 2nd session) An Act to amend the Bills of Exchange Act (rights of bill holders)

C-564 (39th Parliament, 2nd session) An Act to amend the Bills of Exchange Act (rights of bill holders)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-305s:

C-305 (2022) An Act to amend the Canada Shipping Act, 2001 (anchorage prohibition)

C-305 (2021) An Act to amend the Governor General’s Act (retiring annuity and other benefits)

C-305 (2016) Law An Act to amend the Criminal Code (mischief)

C-305 (2011) National Public Transit Strategy Act

C-305 (2007) An Act to amend the Income Tax Act (exemption from taxation of 50% of United States social security payments to Canadian residents)

Other House mentions

Bills of Exchange ActRoutine Proceedings

February 10th, 2009 / 10:10 a.m.

See context

NDP

Libby Davies NDP Vancouver East, BC

moved for leave to introduce Bill C-305, An Act to amend the Bills of Exchange Act (rights of bill holders).

Mr. Speaker, the bill before us today would protect consumers from lawsuits when cheque cashing businesses cash cancelled cheques. Under the current laws, which date back to the 1890s, businesses, such as Money Mart, can successfully sue the issuer of a cheque cashed by a third party even when a stop payment order has been issued.

I have had numerous examples brought to my attention of consumers who have been ripped off by an unsavoury business even when they tried to put a stop payment on a cheque or when problems developed. I am hoping the bill will have broad support from MPs because this is happening in every community because of a very archaic law.

The bill before us would put the onus on businesses to ensure that the cheques they cash have not had a stop payment put on them. It is a consumer protection bill that would save people much grief from dealing with financial organizations that operate in a way that rips off consumers.

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