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INDU Committee Meeting

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Minutes of Proceedings

44th Parliament, 1st Session
Meeting 138
Monday, October 7, 2024, 3:43 p.m. to 5:45 p.m.
Webcast
Presiding
Joël Lightbound, Chair (Liberal)

• Philip Lawrence for Hon. Michelle Rempel Garner (Conservative)
• Hon. John McKay for Ryan Turnbull (Liberal)
Library of Parliament
• Isaac Doucette, Analyst
• Dana Fan, Analyst

It was agreed, — That the proposed supplementary budget in the amount of $7,000.00, for the study of Bill C-27, An Act to enact the Consumer Privacy Protection Act, the Personal Information and Data Protection Tribunal Act and the Artificial Intelligence and Data Act and to make consequential and related amendments to other Acts, be adopted.

It was agreed, — That the proposed budget in the amount of $22,000.00, for the study of Credit Card Practices and Regulations in Canada, be adopted.

Canadian Bankers Association
• Darren Hannah, Senior Vice-President, Financial Stability & Banking Policy
• Charles Docherty, Assistant General Counsel and Vice-President, Legal and Risk
Mastercard Canada
• Balinder Ahluwalia, Senior Vice-President, Market Development
• Martin Leman, Vice-President, Strategy, Pricing and Interchange
Retail Council of Canada
• Karl Littler, Senior Vice-President, Public Affairs
Visa Canada Corporation
• Jay Dorey, Head of Corporate Affairs, Visa Canada & Vice-President, Global Government Engagement
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, September 19, 2024, the committee commenced its study on credit card practices and regulations in Canada.

Darren Hannah, Balinder Ahluwalia, Karl Littler, and Jay Dorey made statements and with Martin Leman and Charles Docherty, answered questions.

Rick Perkins gave notice of the following motion:

That, the committee order the production of all documents, emails, memos and any materials related to the Liberal government's $50 million handout to Mastercard, including all communications between ISED, PCO, and PMO with Mastercard regarding the grant. And the committee report to the House to express its concern regarding the value for money for taxpayers on the nearly $50 million taxpayer dollars given to Mastercard by the Trudeau Liberal government.

At 5:45 p.m., the committee adjourned to the call of the Chair.



Miriam Burke
Clerk of the committee