Lowering Prices for Canadians Act

An Act to amend the Competition Act and the Competition Tribunal Act

Sponsor

Jagmeet Singh  NDP

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

Status

Report stage (House), as of June 19, 2024

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Summary

This is from the published bill.

This enactment amends the Competition Act to increase penalties for certain anti-competitive acts. It also changes aspects of the review of mergers, including how gains in efficiency and market concentration are taken into account. In addition, it requires the Competition Tribunal to make an order dissolving a completed merger or prohibiting the merger from proceeding if the merger would result in excessive combined market share. The limitation period for the review of mergers is increased from one year to three years. Finally, it amends the Competition Tribunal Act to remove the Tribunal’s ability to award costs against the Crown.

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.

(The House divided on the motion, which was agreed to on the following division:)

Vote #633

Lowering Prices for Canadians ActPrivate Members’ Business

February 7th, 2024 / 4:35 p.m.


See context

The Deputy Speaker Chris d'Entremont

I declare the motion carried. Accordingly, the bill stands referred to the Standing Committee on Industry and Technology.

(Bill read the second time and referred to a committee)