moved for leave to introduce Bill C-217, an act to amend the Business Development Bank of Canada Act and the Canada Student Loans Act to provide for a student loan system that is more supportive of students.
Mr. Speaker, the purpose of this enactment is to establish the Business Development Bank of Canada as a lender of guaranteed student loans and to provide that student loan interest rates are set at the rate of inflation for the previous year and adjusted annually.
(Motions deemed adopted, bill read the first time and printed)