Mr. Speaker, it is a tremendous honour for me to present my private member's bill, known as the credit card fairness act, to the House of Commons today.
Since being elected in 2015, I have talked with thousands of Canadians from coast to coast, in every corner of the country. They are telling me that they are concerned about fairness and transparency when it comes to credit card use, which takes place every day. We live in a society where it is nearly impossible to function without one. We need a credit card to book flights, hotel rooms, car rentals, shop online, etc. Unfortunately, consumers are not being treated with the respect they deserve.
Due to rising interest rates and the fact that life is becoming more and more expensive, Canadians are struggling to make ends meet and they are falling further and further behind. The credit card fairness act calls for seven specific changes that would advocate on behalf of Canadian consumers. By increasing fairness and transparency, the reforms outlined in my bill would empower credit card holders to make informed decisions, pay off their debt quicker and achieve greater financial freedom.
I want to thank Canadians for giving me the opportunity to advocate on their behalf. It is my hope that all members in the House will join me in this important advocacy work.
(Motions deemed adopted, bill read the first time and printed)