FINA Committee Meeting
Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.
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Minutes of Proceedings
The committee resumed consideration of the motion, as amended, of Ryan Turnbull moved on Tuesday, May 7, 2024, which read as follows:
As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meeting on Thursday, May 9 and the committee meet for six hours on Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C-69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the Bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause-by-clause consideration of the Bill, as well as all questions necessary to report the Bill to the House and to order the Chair to report the Bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
vi. The committee dedicate its regular meetings on the week of June 17, 2024, on the committee's study on Inflation in the current Canadian Economy;
and of the amendment of Jasraj Singh Hallan moved on Tuesday, May 7, 2024, which read as follows:
That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on May 9,” with the words “ii. the committee dedicate its regular meeting on May 9, 28 and 30,”; replacing the paragraph iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30th, 2024; clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on June 3rd, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of Bill C-69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”;
and of the subamendment of Marty Morantz moved on Tuesday, May 7, 2024, which read as follows:
That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following : “the week of the 28th one meeting be dedicated to hearing from the Minister for two hours and one meeting be dedicated to hear from Mark Carney for three hours and that clause by clause not begin until the aforementioned witnesses appear for the requested times”.
At 5:15 p.m., the sitting was suspended.
At 5:16 p.m., the sitting resumed.
The debate continued on the subamendment of Marty Morantz.
By unanimous consent, the subamendment was withdrawn.
The debate continued on the amendment of Jasraj Singh Hallan.
At 6:30 p.m., the sitting was suspended.
At 9:43 p.m., the sitting resumed.
Adam Chambers moved, — That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following : “That the week of the 28th and future meetings be dedicated to hearing from witnesses for no fewer than 12 hours and the clerk invite Mr. Mark Carney as a witness to testify with respect to the Budget 2024, the economy and the environment for no fewer than two hours. ”.
Debate arose thereon.
At 11:44 p.m., the sitting was suspended.
At 11:48 p.m., the sitting resumed.
The debate continued on the subamendment of Adam Chambers.
At 12:05 a.m., the sitting was suspended.
At 11:04 a.m., Thursday, May 23, 2024, the sitting resumed.
The committee resumed consideration of the motion, as amended, of Ryan Turnbull moved on Tuesday, May 7, 2024, which read as follows:
As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meeting on Thursday, May 9, 2024, and the committee meet for six hours on Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C-69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 12:00 p.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause‑by‑clause consideration of the Bill, as well as all questions necessary to report the bill to the House and to order the Chair to report the Bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
vi. The committee dedicate its regular meetings on the week of June 17, 2024, on the committee's study on Inflation in the current Canadian Economy;
and of the amendment of Jasraj Singh Hallan moved on Tuesday, May 7, 2024, which read as follows:
That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on May 9,” with the words “ii. the committee dedicate its regular meeting on May 9, 28 and 30,”; replacing the paragraph iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30, 2024; clause‑by‑clause consideration of the bill start no later than 11:59 a.m. EST on June 3rd, 2024, and that the chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of bill C-69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”;
and of the subamendment of Adam Chambers moved on Wednesday, May 22, 2024, which read as follows:
That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following : “That the week of the 28th and future meetings be dedicated to hearing from witnesses for no fewer than 12 hours and the clerk invite Mark Carney as a witness to testify with respect to the Budget 2024, the economy and the environment for no fewer than two hours. ”.
At 11:58 a.m., the sitting was suspended.
At 12:03 p.m., the sitting resumed.
The debate continued.
At 1:02 p.m., the sitting was suspended.
At 11:44 a.m., Tuesday, May 28, 2024, the sitting resumed.
The committee resumed consideration of the motion, as amended, of Ryan Turnbull moved on Tuesday, May 7, 2024, which read as follows:
As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meeting on Thursday, May 9 and the committee meet for six hours on Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C-69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 12:00 p.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause by clause consideration of the Bill, as well as all questions necessary to report the bill to the House and to order the Chair to report the Bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
vi. The committee dedicate its regular meetings on the week of June 17, 2024, on the committee's study on Inflation in the current Canadian Economy;
and of the amendment of Jasraj Singh Hallan moved on Tuesday, May 7, 2024, which read as follows:
That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on May 9,” with the words “ii. the committee dedicate its regular meeting on May 9, 28 and 30,”; replacing the paragraph iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30, 2024; clause by clause consideration of the bill start no later than 11:59 p.m. EST on June 3, 2024, and that the chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of bill C-69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”;
House resources on that day; following the completion of the study of bill C-69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”;
and of the subamendment of Adam Chambers moved on Wednesday, May 22, 2024, which read as follows:
That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following : “That the week of the 28th and future meetings be dedicated to hearing from witnesses for no fewer than 12 hours and the clerk invite Mark Carney as a witness to testify with respect to the Budget 2024, the economy and the environment for no fewer than two hours. ”.
At 11:45 a.m., the sitting was suspended.
At 12:37 p.m., the sitting resumed.
By unanimous consent, the subamendment was withdrawn.
By unanimous consent, the amendment was withdrawn.
By unanimous consent, the motion was withdrawn.
Ryan Turnbull moved, —
That - As it relates to the committee’s future business, including the study of Bill C-69, it be agreed:
I. That meetings in the week of May 28 and future meetings be dedicated to hearing from witnesses regarding the bill for no fewer than 12 hours and that the clerk invite Mr. Mark Carney as a witness to testify with respect to the 2024 budget, the economy and the environment for two hours;
II. That any amendments to the bill be submitted to the clerk no later than 11:59 a.m. on Friday, May 31;
III. That clause‑by‑clause consideration of the bill start no later than 9:00 a.m. on Tuesday, June 4, and that during clause‑by‑clause consideration, all clauses which are subject to no amendment be considered and voted on first, followed by all clauses with amendments for consideration; and that if the committee hasn’t completed clause‑by-clause consideration by 5:00 p.m. on June 4, all remaining amendments submitted to the committee shall be deemed moved, the chair shall put the question forthwith and successively, without further debate, on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause‑by‑clause consideration of the bill, as well as all questions necessary to report the bill to the House;
IV. That following the completion of the study of the bill, the committee dedicate future meetings as follows:
- Two meetings on money laundering;
- Two meetings on its study on the Policy Decisions and Market Forces that have led to Increases in the Cost of Buying or Renting a Home in Canada; and
- Two meetings on its study on Inflation in the Current Canadian Economy.
After debate, the question was put on the motion and it was agreed to.
At 12:48 p.m., the committee adjourned to the call of the Chair.