Standing Senate Committee on Banking, Trade and Commerce

Report of the committee

Thursday, December 7, 2017

The Standing Senate Committee on Banking, Trade and Commerce has the honour to present its

EIGHTEENTH REPORT

Your committee, which was authorized by the Senate on Tuesday, October 17, 2017, to study and report on issues and concerns pertaining to cyber security and cyber fraud, respectfully requests funds for the fiscal year ending March 31, 2018.

Pursuant to Chapter 3:06, section 2(1)(c) of the Senate Administrative Rules, the budget submitted to the Standing Committee on Internal Economy, Budgets and Administration and the report thereon of that committee are appended to this report.

Respectfully submitted,

DOUGLAS BLACK

Chair

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STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE

Study on issues and concerns pertaining to cyber security and cyber fraud

APPLICATION FOR BUDGET AUTHORIZATION FOR THE FISCAL YEAR ENDING MARCH 31, 2018

Extract from the Journals of the Senate of Tuesday, October 17, 2017:

The Honourable Senator Day moved, seconded by the Honourable Senator Eggleton, P.C.:

That the Standing Senate Committee on Banking, Trade and Commerce be authorized to study and report on issues and concerns pertaining to cyber security and cyber fraud, including:

• cyber threats to Canada’s financial and commercial sectors;

• identity theft, privacy breach and other fraudulent activities targeting Canadian consumers and small businesses;

• the current state of cyber security technologies; and

• cyber security measures and regulations in Canada and abroad.

That the committee submit its final report no later than Friday, June 29, 2018, and that the committee retain all powers necessary to publicize its findings until 180 days after the tabling of the final report.

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

Clerk of the Senate

Nicole Proulx

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SUMMARY OF BUDGET

Activity 1: Conference: Wall Street Journal Pro Cybersecurity Executive Forum, New York, New York, December 13, 2017
$19,064
TOTAL$19,064

The above budget was approved by the Standing Senate Committee on Banking, Trade and Commerce on Thursday, November 30, 2017.

The undersigned or an alternate will be in attendance on the date that this budget is considered.












Date
Président du Comité sénatorial permanent des banques et du commerce
DOUGLAS BLACK
Chair, Standing Senate Committee on Banking, Trade and Commerce











Date
Président du Comité permanent de la régie interne, des budgets et de l’administration
LARRY W. CAMPBELL
Chair, Standing Committee on Internal Economy, Budgets and Administration

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STANDING SENATE COMMITTEE ON BANKING, TRADE AND COMMERCE

Study on issues and concerns pertaining to cyber security and cyber fraud

EXPLANATION OF BUDGET ITEMS

APPLICATION FOR BUDGET AUTHORIZATION FOR THE FISCAL YEAR ENDING MARCH 31, 2018

ACTIVITY 1: Conference: Wall Street Journal Pro Cybersecurity Executive Forum, New York, New York, December 13, 2017





4 participants: 3 Senators, 1 analyst







PROFESSIONAL AND OTHER SERVICES










OTHER



1.Conference fees (0406) ($850 US x 1.2087 exchange rate)4,356




(4 participants x $1,089)



Sub-total
$4,356








TRANSPORTATION, ACCOMMODATION AND LIVING EXPENSES








1.Transportation - air9,500




3 senators x $2,500 (0224)





1 staff x $2,000 (0227)



2.Hotel accommodation2,600




3 senators, $650/night, 1 night (0222)





1 staff, $650/night, 1 night (0226)



3.Per diem1,008




3 senators, $126/day, 2 days (0221)





1 staff, $126/day, 2 days (0225)



4.Taxis600




3 senators x $150 (0223)





1 staff x $150 (0232)



Sub-total
$13,708








ALL OTHER EXPENDITURES










OTHER



1.Miscellaneous costs associated with travel (0229)1,000









Sub-total
$1,000








Total of Activity 1
$19,064














Grand Total

$19,064

The Senate Administration has reviewed this budget application.












Date
Blair Armitage, Principal Clerk,
Committees Directorate











Date
Nathalie Charpentier, Comptroller,
Finance and Procurement Directorate

APPENDIX (B) TO THE REPORT

Thursday, December 7, 2017

The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented to it by the Standing Senate Committee on Banking, Trade and Commerce for the proposed expenditures of the said committee for the fiscal year ending March 31, 2018, for the purpose of its special study on issues and concerns pertaining to cyber security and cyber fraud, as authorized by the Senate on Tuesday, October 17, 2017. The approved budget is as follows:

Activity 1: Conference: Wall Street Journal Pro Cybersecurity Executive Forum, New York, New York, December 13, 2017
$19,064
TOTAL$19,064

(includes funds for a conference; includes funds for 3 senators to travel)

The budgets approved by the Senate for each travel activity are the maximum amount that can be spent for that activity;

Budgets normally include funds for the full membership of the committee to travel;

In general, a reduced delegation actually travels and efforts are made to find additional savings;

Therefore, actual expenditures are expected to be considerably below the approved budget, and they will be reported to the Senate;

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Any funds remaining at the conclusion of a travel activity will be clawed-back and can be made available for allocation to committees for other activities.

Respectfully submitted,

LARRY W. CAMPBELL

Chair