moved for leave to introduce BillC-226, An Act to amend the Pension Benefits Standards Act, 1985 (investment criteria).
Mr. Speaker, the text of this bill amends the Pension Benefits Standards Act, 1985, to require the administrators of pension funds to prepare an annual report on the social, ethical and environmental factors that have been considered in the selection, retention and liquidation of investments.
I remind the House that half the money traded on world financial markets belong to small investors in pension funds. This represents about $90 billion for businesses under federal control. This bill would provide a better framework for investments.
(Motions deemed adopted, bill read the first time and printed)