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Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

Issue 1 - Order of Reference

Extract from the Journals of the Senate, Tuesday, November 16, 2004:

The Honourable Senator Grafstein moved, seconded by the Honourable Senator Banks:

That the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report on consumer issues arising in the financial services sector. In particular, the Committee shall be authorized to examine:

  • the impact of federal legislation and initiatives designed to protect consumers within the financial services sector;

  • the role, corporate governance structure and effectiveness of agencies (including supervisory/regulatory and self- regulating), ombudspersons and others who play a role with respect to consumer protection and the supervision of the financial services sector;
  • consumer credit rates and reporting agencies; and

  • other related issues; and

That the Committee submit its final report no later than June 30, 2005, and that the Committee retain until August 31, 2005 all powers necessary to publicize its findings.

After debate,

The question being put on the motion, it was adopted.

Paul C. Bélisle

Clerk of the Senate

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