Marilyn Gladu Conservative
Introduced as a private member’s bill.
This bill has received Royal Assent and is, or will soon become, law.
This is from the published bill. The Library of Parliament has also written a full legislative summary of the bill.
This enactment amends the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to ensure that claims in respect of unfunded liabilities or solvency deficiencies of pension plans and claims relating to the cessation of an employer’s participation in group insurance plans are paid in priority in the event of bankruptcy proceedings.
It also amends the Pension Benefits Standards Act, 1985 to provide for the tabling of an annual report respecting the solvency of pension plans.
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.
The House resumed from June 15 consideration of the motion that Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985, be read the second time and referred to a committee.
The Speaker Anthony Rota
It being 3:35 p.m., pursuant to an order made on Thursday, November 25, 2021, the House will now proceed to the taking of the deferred recorded division on the motion at second reading stage of Bill C‑228 under Private Members' Business.
Call in the members.
[Before the Clerk announced the results of the vote:]
Parm Bains Liberal Steveston—Richmond East, BC
Mr. Speaker, I rise on a point of order.
I had some technical difficulties. I would like to vote “for”.
The Speaker Anthony Rota
The member voted “nay”.
To clarify for the member, if he wishes to change his vote, he would have to ask for unanimous consent from the House now, if he is interested.
Parm Bains Liberal Steveston—Richmond East, BC
Mr. Speaker, I ask for unanimous consent to change my vote to “for”.
Some hon. members
No.
(The House divided on the motion, which was agreed to on the following division:)
The Speaker Anthony Rota
I declare the motion carried. Accordingly, the bill stands referred to the Standing Committee on Finance.
(Bill read the second time and referred to a committee)