Mr. Chair, I meant to raise this at the beginning of the meeting, but I had a substitute, so I didn't. I promise not to take long on this.
There was one clause during the course of our clause-by-clause exercise that I wanted to raise for the potential opportunity to revisit. I'd like to propose a short motion and then just give a one-minute explanation as to what it is. It is a motion that relates to Monsieur Ste-Marie's initial proposed amendment that would have limited the transfer of funding to the Canadian Securities Transition Office to $1. The amendment was defeated, which would have had the effect of ultimately not allowing the organization to operate.
The Conservatives sided against the amendment, as did other parties as well. I did also. Subsequently, on the vote on the main motion, the main motion was defeated, which, in effect, resulted in the same outcome. I don't know. I view those two outcomes to be at odds. I was hoping to propose a motion.
I move that the results of the vote by the committee on clause 158 of Bill C-30, an act to implement certain provisions of the budget tabled in Parliament on April 19, 2021, and other measures, be rescinded.
I can boil it down to the Coles Notes. I think this organization is important. It has important impacts on capital markets regulation. It has a major opportunity to work not only with the bank on securities regulation, but also with the major banks to strengthen our anti-money laundering regime in Canada.
Finally, the reason I raise it.... I would have taken everybody's vote at their word, but it was one of the few things, when former Prime Minister Harper was in office, that I was quite in agreement with when it happened. I just wanted to give the opportunity for folks to revisit this issue at committee before we deal with the bill in the House.
I'll leave it there. I could repeat the motion in French if that would be for the benefit of the crowd, if the translation wasn't accurate. I see Monsieur Ste-Marie's shaking his head no, so I'll leave my submission there.