moved for leave to introduce Bill C-363, an act to amend the Canada Mortgage and Housing Corporation Act (profits distributed to provinces).
Mr. Speaker, I have the honour to introduce in this House, under private members' business, an act to amend the Canada Mortgage and Housing Corporation Act (profits distributed to provinces).
This enactment requires the Canada Mortgage and Housing Corporation to distribute any surplus from its reserve fund to the provinces for social housing purposes, to encourage the supply of quality housing at affordable prices and to increase housing choices for the people in the provinces.
(Motions deemed adopted, bill read the first time and printed)