Journals of the Senate
55 Elizabeth II, A.D. 2006, Canada
Journals of the Senate
(Unrevised)
1st Session, 39th Parliament
Issue 27 - Appendix "I"
Thursday, June 22, 2006
1:30 p.m.
The Honourable Noël A. Kinsella, Speaker
Thursday, June 22, 2006
The Standing Senate Committee on Banking Trade and Commerce has the honour to present its
FOURTH REPORT
Your Committee which was authorized by the Senate on Tuesday, May 2, 2006, to examine and report on consumer issues arising in the financial services sector, respectfully requests for the purpose of this study that it be empowered to engage the services of such counsel, technical, clerical and other personnel as may be necessary.
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,
JERAHMIEL S. GRAFSTEIN
Chair
STANDING SENATE COMMITTEE ON
BANKING, TRADE AND COMMERCE
SPECIAL STUDY ON CONSUMER ISSUES ARISING IN
THE FINANCIAL SERVICES SECTOR
APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2007
Extract from the Journals of the Senate of Tuesday, May 2, 2006
The Honourable Senator Grafstein moved, seconded by the Honourable Senator Joyal:
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 papers and evidence received and taken on the subject during the Thirty-eighth Parliament and any other relevant Parliamentary papers and evidence on the said subject be referred to the Committee; and
That the Committee submit its final report no later than June 30, 2006, and that the Committee retain until July 31, 2006 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
SUMMARY OF EXPENDITURES
| Professional and Other Services | $ 26,000 |
| Transportation and Communications | 0 |
| All Other Expenditures | 2,000 |
| TOTAL | $ 28,000 |
The above budget was approved by the Standing Senate Committee on Banking, Trade and Commerce on Wednesday, May 31, 2006.
The undersigned or an alternate will be in attendance on the date that this budget is considered.
| Date | The Honourable Jerry Grafstein | |
| Chair, Standing Senate Committee on Banking, Trade and Commerce |
| Date | The Honourable George J. Furey | |
| Chair, Standing Committee on Internal Economy, Budgets, and Administration |
FOR INFORMATION ONLY
| Fiscal year | 2004-2005 | 2005-2006 |
| Total approved | $ 25,000 | $ 28,000 |
| Expenditures | $ 13,749 | $ 19,634 |
STANDING SENATE COMMITTEE ON
BANKING, TRADE AND COMMERCE
SPECIAL STUDY ON CONSUMER ISSUES ARISING IN
THE FINANCIAL SERVICES SECTOR
EXPLANATION OF BUDGET ITEMS
APPLICATION FOR BUDGET AUTHORIZATION
FOR THE FISCAL YEAR ENDING MARCH 31, 2007
PROFESSIONAL AND OTHER SERVICES
| 1. Expert consultants and Consultant in
Communications (0401) & (0435) (30 days at $ 600 per day) |
$ 18,000 | ||
| 2. Working Meals (0415) Working lunches and dinners (20 meals at $ 400) |
8,000 | ||
| $ 26,000 |
TRANSPORTATION AND COMMUNICATIONS
| TOTAL | $ 0 |
ALL OTHER EXPENDITURES
| 1. Miscellaneous expenses (0799) | $ 2,000 | ||
| TOTAL | $ 2,000 |
The Senate administration has reviewed this budget application.
| Heather Lank, Principal Clerk, Committees Directorate | Date |
| Hélène Lavoie, Director of Finance | Date |
APPENDIX (B) TO THE REPORT
Thursday, June 22, 2006
The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented to it by the Senate Standing Committee on Banking, Trade and Commerce for the proposed expenditures of the said Committee for the fiscal year ending March 31, 2007 for the purpose of its Special Study on Consumer issues arising in the financial services sector, as authorized by the Senate on Tuesday, May 2, 2006. The said budget is as follows:
Professional and Other Services $ 26,000 Transport and Communications 0 Other Expenditures 2,000 Total $ 28,000
Respectfully submitted,
GEORGE J. FUREY
Chair