Subcommittee of the Standing Committee on Finance on Bill C-38 committee  That's not how we read that bill.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  It wouldn't be me; it would be the panel that had been struck.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  I believe a future panel would be well advised and would take their own decision on that.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  The act has always provided for criminal sanctions: indictment or summary conviction with substantial fines. The NEB does not do that directly; it would do that through Justice. The bill gives the NEB administrative monetary penalties. This is a new tool. These are designed to

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  For facilities hearings, that is, on pipelines and power lines, there's a total time limit of 18 months. The National Energy Board would be required to complete its process within 15 months. The last three months would be for the Governor in Council to do their part.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  The minister can extend it by up to three months. Cabinet, upon recommendation of the minister, could extend it further.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  The NEB would conduct a public hearing that integrates environment, economy, and social issues the way it always does. We call that the public interest assessment. It's fact based. It's fully transparent, like a court of record. It's based on an advanced, very clear statement of

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  No.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  The legislation would come into effect when it comes into effect.

Subcommittee of the Standing Committee on Finance on Bill C-38 committee  Thank you, Mr. Chairman, and honourable members, for the opportunity to appear before you today and to support your review of part 3 of Bill C-38. The National Energy Board's purpose is to regulate pipelines, energy development, and trade in the Canadian public interest. The bo