I call this meeting to order. This is the 60th meeting of the Standing Committee on Finance. We are being televised.
Our orders of the day are pursuant to the order of reference of Monday, May 14, 2012. We are studying Bill C-38, An Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures.
Colleagues, as you recall, last night we were still discussing part 4 of Bill C-38. This morning we are starting with division 3. Division 3 deals with PPP Canada Inc.
We have two officials with us here this morning for this division. We want to welcome them to the committee.
If either or both of you have an opening statement or an overview of this division, please go ahead, and then we'll have questions from members.