Post-Secondary Institutions Bankruptcy Protection Act

An Act respecting measures in relation to the financial stability of post-secondary institutions

This bill was last introduced in the 43rd Parliament, 2nd Session, which ended in August 2021.

Status

Second reading (Senate), as of June 15, 2021
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment provides for the development of a proposal for federal initiatives designed to ensure the financial stability of post-secondary institutions. It also amends the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to exclude post-secondary educational institutions from the definitions of corporation and company under those Acts, respectively.

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.