Mr. Speaker, as you know, the House has before it Bill S-5 that deals with the banking system. It has in it a sunset clause which is coming up later this spring, so we need to get the bill through in a timely basis. I noticed that all parties seem to be in support of it.
The member for Wascana says, “the legislation is rather routine”.
The member for Brossard—La Prairie says, “We would definitely like to examine this bill more closely when it is sent to the Standing Committee on Finance”.
Everybody seems to want to support it and get it to committee for as much study as possible and as quickly as possibly so we can respect our obligations. I have been trying to get an answer from the official opposition on what we could do.
In that spirit, again I offer the following motion about which we have had discussion. I hope this time we will have unanimous consent for this motion. I move: That, notwithstanding any Standing Order or usual practice of the House, Bill S-5, An Act to amend the law governing financial institutions and to provide for related and consequential matters, shall be disposed of as follows: not more than one further sitting day shall be allotted to the second reading stage of the bill and at the end of government orders on the day allotted, the bill shall be deemed read the second time and referred to the Standing Committee on Finance, and if the bill has not been reported back to the House by Wednesday, March 28, 2012, during routine proceedings, it shall be deemed reported back without amendment; when the order for consideration of the report stage of the bill is called, the bill shall be deemed concurred in at report stage without amendment, and a motion for third reading may be made immediately, and not more than one sitting day shall be allotted to the third reading stage of the bill provided that the motion for third reading shall not be subject to amendment, and at the end of government orders on that day or when no further member rises to speak, the bill shall be deemed read a third time and passed.
I hope this time we will see favour for that motion.