I now call this meeting to order.
Welcome to meeting number 40 of the House of Commons Standing Committee on Industry, Science and Technology. Today's meeting is taking place in a hybrid format, pursuant to the House order of January 25, 2021. The proceedings will be made available via the House of Commons website, and so you are aware, the webcast will always show the person speaking rather than the entire committee.
We will be devoting the first hour to Bill C-253 and will then move in camera for the second hour to review the report.
To ensure an orderly meeting, I'd like to outline the regular rules.
Members may speak in the official language of their choice, as interpretation services are available for this meeting. You have the choice at the bottom of your screen of “floor”, “English” or “French”.
As a reminder, all comments by members and witnesses should be addressed through the chair. Please wait until I recognize you by name. When you are not speaking your mike should be on mute. As is my normal practice, I will hold up a yellow card when you have 30 seconds left in your intervention, and I will hold up a red card when your time for questions has expired.
Pursuant to the order of reference of Wednesday, May 12, 2021, the committee is meeting to begin its study of Bill C-253, an act to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act.
I'd like to welcome today Philippe Méla, our legislative clerk, who will be working with us on this study.
Thank you very much for being with us today.
I'd now like to welcome the bill's sponsor, Marilène Gill, MP for Manicouagan.
The floor is yours for seven minutes so that you can introduce your bill.