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BANC - Standing Committee

Banking, Commerce and the Economy


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

Issue 6 - Minutes of Proceedings - March 5, 2014


OTTAWA, Wednesday, March 5, 2014
(15)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met in camera this day at 4:18 p.m., in room 505, Victoria Building, the chair, the Honourable Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Bellemare, Black, Campbell, Gerstein, Greene, Hervieux-Payette, P.C., Maltais, Massicotte, Ngo, Ringuette, Rivard and Tkachuk (12).

In attendance: Adriane Yong and Brett Stuckey, Analysts, Parliamentary Information and Research Service, Library of Parliament; Mona Ishack, Communications Officer, Communications Directorate of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, December 3, 2013, the committee continued its examination on the ability of individuals to establish a registered disability savings plan (RDSP), with particular emphasis on legal representation and the ability of individuals to enter into a contract. (For complete text of the order of reference, see proceedings of the committee, Issue No. 3.)

It was agreed that senators' staff be allowed to stay in the room and that blackberries and cellular phones not be used.

Pursuant to rule 12-16(1)(d), the committee considered a draft report.

After debate, it was agreed:

That the report be adopted with the changes as discussed today;

That the Subcommittee on Agenda and Procedure be authorized to approve the final version of the report, with the changes as discussed today, and with any necessary editorial, grammatical or translation changes required; and

That the chair be authorized to table the amended report in the Senate, at the earliest opportunity.

At 4:45 p.m., pursuant to rule 12-16(1)(d), the committee considered a draft agenda (future business).

After debate, it was agreed:

That the chair be authorized to seek authority from the Senate for the following order of reference:

That the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report on the use of digital currency including the potential risks, threats and advantages of these electronic forms of exchange; and

That the Committee submits its final report no later than June 30, 2015, and that the Committee retains all powers necessary to publicize its findings until 180 days after the tabling of the final report.

At 5:12 p.m., the committee adjourned to the call of the chair.

ATTEST:

Danielle Labonté

Clerk of the Committee


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