moved for leave to introduce Bill C-310, An Act to amend the Financial Administration Act (debt recovery).
Mr. Speaker, I am very proud to rise in the House today to introduce a bill to amend the Financial Administration Act with respect to debt recovery.
This legislative amendment would authorize the Receiver General for Canada to provide a debt recovery service for all departments, thereby improving the crown's debt recovery rate. This new service will enable the Government of Canada to recover significant sums owing that it was unable to recover before they were written off. This service will contribute to the sound management of public funds and will help the Government of Canada balance the budget.
I strongly believe that the people who work for the Receiver General's office in my riding have the banking and treasury expertise to do an excellent job of providing this service. This initiative will also help stabilize employment with the Receiver General for Canada while cultivating and establishing national debt-recovery expertise in my region.
I thank my colleagues in advance for supporting this bill.
(Motions deemed adopted, bill read the first time and printed)