Evidence of meeting #68 for Finance in the 39th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was amendment.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Marc Toupin  Procedural Clerk
Serge Dupont  Assistant Deputy Minister, Financial Sector Policy Branch, Department of Finance
Eleanor Ryan  Chief, Structural Issues, Financial Institutes Division, Financial Sector Policy Branch, Department of Finance

12:40 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

We are now at NDP-11, page 24 in your package, reference 2712360.

Ms. Wasylycia-Leis, again we were missing the (a). I think you also want to amend the government amendment G-6 regarding paragraph 566.1(1)(a) to add, following “registered product”, the words “including all charges arising from the use of an automated banking machine”. Am I correct?

12:40 p.m.

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

That's correct.

For the same reasons I enunciated before, this is simply to ensure that there's a way to capture the providing of information in the case of automated banking machines, so that it's somewhere in this whole package and in the Bank Act, and so that consumers have at least information based on which they can make decisions.

I would ask for a recorded vote on this.

12:40 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Mr. Wallace.

12:40 p.m.

Conservative

Mike Wallace Conservative Burlington, ON

Thank you, Mr. Chairman.

I want to remind the committee that we've already voted on this specific amendment, which I spoke to earlier. It talks about registered products--RRSPs and so on and so forth. It has no reflection on automated bank machines. We voted it down before. I'd be happy to put my name beside voting it down, but there will be a number of NDP amendments that are a repetition of what has already been voted on. I would ask respectfully that the member withdraw them if they already know what the result is going to be.

Thank you.

12:40 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Mr. Dupont, would you like to speak to this? It's the same as the last time--no change?

12:40 p.m.

Assistant Deputy Minister, Financial Sector Policy Branch, Department of Finance

Serge Dupont

Exactement.

12:40 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Thank you.

We're voting on NDP-11.

(Amendment negatived: nays 8; yeas 1)

12:40 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

On NDP-12, Ms. Wasylycia-Leis, again I expect that we're going to just add that after paragraph (a). Is that correct? Can we just go directly to the vote?

12:45 p.m.

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

You can apply the vote.

(Amendment negatived)

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

We're going to deal with NDP-14 because it refers to page 53, and since we're doing the bill in numerical order, we're going to address NDP-14 on page 27 in your package, reference 2712284.

Ms. Wasylycia-Leis.

12:45 p.m.

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

I think this is self-explanatory. I really wish I could persuade members to accept this as a fundamental, necessary change to the bill, but I'm doubtful that I will be able to. Maybe I will leave it at that, since I know members don't want me to keep taking time, except that maybe I could ask the finance department officials if they have any problem with this before we move to the vote.

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Monsieur Dupont.

12:45 p.m.

Assistant Deputy Minister, Financial Sector Policy Branch, Department of Finance

Serge Dupont

I guess this is simply a replica of the earlier amendment that was considered by the committee, but this is in respect of foreign banks.

(Amendment negatived)

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

We're still addressing clause 89: NDP-13, which is in your package, page 26, which is reference 2711951. I have a note here that it's inadmissible. Again, it's related to the payment of credit or charge card.

(Clause 89 agreed to)

(On clause 90)

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

NDP-15 is page 28 in your package. It's reference 2711559.

Ms. Wasylycia-Leis. I think this is a repeat of the previous—

12:45 p.m.

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

Apply the vote.

(Amendment negatived)

(Clauses 90 to 101 inclusive agreed to)

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

I'm going to give you guys a hint: you guys have to carry this bill, so you have to say yes.

12:45 p.m.

Conservative

Dean Del Mastro Conservative Peterborough, ON

We did say yes.

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Okay. Thanks.

We have amendment BQ-1, page 29. This is going to be ruled inadmissible.

12:45 p.m.

Bloc

Pierre Paquette Bloc Joliette, QC

Mr. Chairman, maybe I could just—

12:45 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Yes, go ahead.

12:45 p.m.

Bloc

Pierre Paquette Bloc Joliette, QC

—point out that I do not challenge your ruling, but we are dealing here with an addition that could ensure fairness in terms of reinvestment, especially in regions and areas where the unemployment rate is higher than the Canadian average.

This is an issue we will eventually need to tackle. Yesterday, a witness raised it. This exists in the United States and we should take inspiration from it. We will get back to this at a later time.

12:50 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

Thank you, Monsieur Paquette.

(Clauses 102 to 104 inclusive agreed to)

We're on page 37.1.

This is inadmissible, consistent with the previous amendments that were ruled inadmissible due to the fact that the statute or a section of the parent act is not before the committee unless it is specifically being amended by a clause of the bill. This 37.1 was not in your package.

(Clauses 105 to 121 inclusive agreed to.)

12:50 p.m.

Liberal

The Vice-Chair Liberal Massimo Pacetti

We're on to G-7, which is page 38 in your package.

Ms. Ablonczy.

12:50 p.m.

Conservative

Diane Ablonczy Conservative Calgary Nose Hill, AB

Mr. Chairman, this is another clause that will be amended by the amendment that was already passed on clause 19.

(Amendment agreed to) [See Minutes of Proceedings]

(Clause 122 as amended agreed to)

(Clauses 123 to 162 inclusive agreed to)

(On clause 163)