Mr. Speaker, I have three petitions today on the subject of a U.S. law, the Foreign Account Tax Compliance Act, from my constituents and others throughout Ontario.
The petitioners are worried about the American legislation that conflicts with Canadian law, in particular the Bank Act and the privacy rights of Canadians.
Therefore, they ask the Canadian government to assure Canadian citizens and residents that their privacy rights will be respected and that Canadian sovereignty will also be respected as banks are pressured to comply with this American legislation.