Bill S-217 explained in plain English
An Act to amend the Financial Administration Act (borrowing of money)
Federal Parliament bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Parliament of Canada snapshot for 41st Parliament, 1st Session. MP vote breakdowns appear when the House of Commons publishes a recorded division export for that bill. Senate and House stage details include official debate/sitting links when LEGISinfo publishes them.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill S-217 amends the Financial Administration Act to restrict the circumstances for borrowing money by the Governor in Council and to change reporting requirements on public debt management.
Bill S-217 proposes to amend the Financial Administration Act. It aims to change the rules around when the Governor in Council can authorize the borrowing of money. Specifically, it would repeal section 43.1 of the Act, which currently allows the Governor in Council to authorize the Minister to borrow money on behalf of Her Majesty. The bill would also amend section 49 of the Act, which deals with reporting on public debt management, by changing the timeframe for tabling reports in Parliament and broadening the scope of information to be included in those reports. The proposed changes focus on restricting the circumstances under which borrowing can occur without specific legislative approval, while ensuring continued reporting and transparency on public debt management.
- Amends the Financial Administration Act by repealing section 43.1, which allows the Governor in Council to authorize borrowing of money.
- Amends the Financial Administration Act by adding a new section 46.1, which specifies the conditions under which the Governor in Council may authorize the Minister to borrow money, such as to pay amounts related to previously borrowed money or to extinguish or reduce liabilities.
- Amends the Financial Administration Act by replacing section 49, which relates to reporting on public debt management, to change the timelines for tabling reports and to broaden the scope of information required in these reports.
- Repeals section 43.1 of the Financial Administration Act.
- Adds section 46.1 to the Financial Administration Act concerning the borrowing of money by the Minister.
- Replaces section 49 of the Financial Administration Act concerning the reporting on public debt management.
- The Governor in Council
- The Minister of Finance
- The Parliament of Canada (House of Commons and Senate)
- The Governor in Council may authorize the Minister to borrow money under specific conditions outlined in the new section 46.1.
- The Minister is obligated to table reports in both Houses of Parliament on public debt management activities and future plans.
- The bill was given first reading on March 21, 2013.
- The bill is currently at the report stage in the Senate.
- The bill affects the government's ability to borrow money.
- The bill text does not specify the exact date of commencement. It is subject to the legislative process.
- The bill defines conditions for borrowing money, but the interpretation of 'liability of Canada that the Minister is of the opinion should be extinguished or reduced' could be subject to further clarification.
Changes the rules concerning the borrowing of money by the Governor in Council and modifies reporting requirements related to public debt management.
Source: Sections 1, 2, and 3 of the Bill
Removes the existing provision that allows the Governor in Council to authorize the Minister to borrow money on behalf of Her Majesty.
Source: Section 1 of the Bill
Updates the requirements for the Minister to table reports in Parliament concerning public debt management, including changes to the timing and content of these reports.
Source: Section 3 of the Bill
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textParliamentary Process
Bill S-217, concerning amendments to the Financial Administration Act regarding borrowing of money, completed its first reading in the Senate on March 21, 2013, and is currently at the report stage.
This artifact describes the procedural steps for Bill S-217 in the Senate. It notes that the bill completed its first reading on March 21, 2013. The record also shows the dates for second reading, consideration in committee, and report stage, including the dates of major speeches. The bill is currently at the report stage in the Senate.
During a Senate sitting on March 21, 2013, Bill S-217 received its first reading, alongside other procedural business, committee reports, and debates on various topics.
On March 21, 2013, the Senate of Canada convened for a sitting where various procedural matters were addressed. During this sitting, Bill S-217, an Act to amend the Financial Administration Act concerning the borrowing of money, was introduced and received its first reading. Several other bills were also introduced, advanced, or debated, and various reports from Senate committees were tabled. Senators also engaged in Question Period on diverse topics and passed a motion to allocate time for the third reading of Bill C-27. The sitting included statements from senators on various subjects, such as congratulations to fellow senators, cultural observances, and timely issues like energy security.
Bill S-217, concerning amendments to the Financial Administration Act regarding the borrowing of money, completed its second reading in the Senate and has since moved to the report stage.
This artifact details the progress of Bill S-217 in the Senate. It indicates that the bill reached the second reading stage on Tuesday, March 26, 2013, and that major speeches related to this stage occurred on Tuesday, May 21, 2013. The bill also proceeded through committee consideration and report stage, and its current status is at report stage in the Senate. The artifact also lists similar bills from previous Parliaments.
During a Senate sitting on March 26, 2013, debate on Bill S-217 regarding the Financial Administration Act was adjourned at second reading, while other bills proceeded through third reading and committee reports were presented.
This is a record of a Senate sitting on March 26, 2013, which included debates on various topics and the consideration of several bills. Notably, Bill S-217, concerning amendments to the Financial Administration Act regarding borrowing of money, was adjourned for debate at the second reading stage. Other legislative items included third reading debates on bills related to the Corruption of Foreign Public Officials Act, alterations in the law touching the Succession to the Throne, and amendments to the Criminal Code. The sitting also featured routine proceedings where committee reports were presented and tabled, questions were asked during Question Period on topics like skills training programs and foreign aid, and the Main Estimates for 2013-2014 were considered.
During a Senate sitting on March 26, 2013, Bill S-217 was introduced for second reading debate, which was subsequently adjourned, alongside discussions and procedural activities on other legislative matters and committee reports.
On March 26, 2013, the Senate was engaged in various procedural matters and debates. Notably, Bill S-217, concerning amendments to the Financial Administration Act regarding borrowing of money, was introduced and debate was adjourned. Other discussions included reports from Senate committees on various topics, questions regarding government budgets and foreign aid, and debates on other bills like those amending the Criminal Code and the Corruption of Foreign Public Officials Act. The Senate also dealt with matters related to the Succession to the Throne and the Canadian Human Rights Act.
During a Senate sitting on May 21, 2013, Senators debated Bill S-217, concerning amendments to the Financial Administration Act regarding borrowing of money, with the government expressing concerns about potential negative impacts on financial crisis response and transparency.
This Senate sitting on May 21, 2013, included tributes to the late Senator Doug Finley, tabling of official documents like Supplementary Estimates (A), and discussions on various matters including questions of privilege and other bills. The debate on Bill S-217, An Act to amend the Financial Administration Act (borrowing of money), occurred at the second reading stage. Senators spoke about the bill's potential impact on the government's financial management, borrowing authority, and transparency requirements. The government expressed concerns that repealing parts of the Financial Administration Act would harm Canada's ability to respond to financial crises and reduce transparency. The bill was ultimately referred to the Standing Senate Committee on National Finance.
This Senate debate primarily involved tributes to the late Senator Doug Finley, procedural matters, and discussions on bills related to financial administration and military justice, alongside significant debate on questions of privilege regarding senators' expense claims and potential interference.
This artifact is a record of a debate that took place in the Senate on May 21, 2013. The primary focus of this particular debate was to pay tribute to the late Honourable Senator Doug Finley. The artifact also includes procedural items such as the tabling of reports and notices of motions, as well as discussions related to questions of privilege concerning Senators Duffy and Harb. Bill S-217, concerning amendments to the Financial Administration Act regarding borrowing of money, was also read at second reading and referred to committee. During the debate on Bill S-217, the government expressed concerns about its potential impact on Canada's ability to respond to financial crises and its effect on transparency and accountability. The debate also touched upon the modernization of Canada's military justice system through Bill C-15 and various reports from the Internal Economy, Budgets and Administration Committee concerning senators' expense claims.
Bill S-217, concerning amendments to the Financial Administration Act for borrowing money, completed its committee stage in the Senate on June 20, 2013, and moved towards report stage.
This artifact shows that Bill S-217, an Act to amend the Financial Administration Act concerning the borrowing of money, completed its committee stage in the Senate on June 20, 2013. The bill's journey through the Senate included first reading on March 21, 2013, second reading on March 26, 2013, with major speeches on May 21, 2013. It underwent consideration in committee on June 12, 19, and 20, 2013. The report stage followed on June 21 and June 26, 2013. The latest activity noted is debate at the consideration of the committee report on June 26, 2013.
On June 20, 2013, a Senate committee report was presented recommending that Bill S-217, concerning amendments to the Financial Administration Act regarding borrowing of money, not proceed further in the Senate.
On June 20, 2013, the Senate convened. The artifact indicates that a committee report related to Bill S-217, an Act to amend the Financial Administration Act (borrowing of money), was presented. The report recommended that the bill not proceed further in the Senate. The artifact does not contain the full text of the bill or the reasons provided in the report for this recommendation.
Bill S-217, concerning amendments to the Financial Administration Act on borrowing money, was at the report stage in the Senate, with the consideration of the committee report not yet completed on June 26, 2013.
This artifact concerns Bill S-217, an Act to amend the Financial Administration Act regarding the borrowing of money. It details the progression of the bill through the Senate, specifically noting that it was at the report stage and that the committee report consideration had not yet been completed as of June 26, 2013. The record also lists key dates for its first reading, second reading, committee study, and report stage.
During a Senate sitting on June 21, 2013, various debates occurred, including a notable discussion and report consideration regarding Bill S-217, which proposed amendments to the Financial Administration Act concerning the government's borrowing authority.
This artifact is a record of a Senate sitting on June 21, 2013. The sitting included debates on various topics, including the Federal Bridge Corporation, flooding in Alberta, and the Energy East Pipeline Project. There was also a Question Period addressing foreign affairs, national defence, and Aboriginal affairs. Several bills were at various stages of debate, including Bill C-60 (Economic Action Plan 2013), Bill C-32 (Civil Marriage Act), Bill C-52 (Canada Transportation Act), Bill C-377 (Income Tax Act), Bill S-204 (CCSVI strategy), and Bill C-299 (Criminal Code amendment). A significant portion of the sitting was dedicated to the debate and consideration of the Twenty-Fourth Report of the National Finance Committee concerning Bill S-217, an Act to amend the Financial Administration Act (borrowing of money). The report recommended that the Senate not proceed further with Bill S-217, a recommendation that was debated.
During a Senate sitting on June 26, 2013, senators delivered statements, addressed committee reports, debated various bills including those concerning the Financial Administration Act, Income Tax Act, and Canadian Human Rights Act, and adopted procedural motions before adjourning for the summer.
The Senate convened for a sitting where various matters were addressed. This included statements on Senator Donald Oliver's honorary degree, remarks on flooding in Alberta, and a discussion on blindness and vision loss. Procedural matters included the presentation of a report on Bill C-304, questions regarding the Gabarus Seawall and the National Action Plan Annual Report, and debates on several bills including those related to the Income Tax Act, the Canadian Human Rights Act, and the Financial Administration Act. The Senate also adopted a motion to extend its sitting and authorize committees to meet. The sitting concluded with expressions of thanks and good wishes for the summer recess.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.
We don't have a plain-language summary for Report stage yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
Debate and sitting links point to official parliamentary sources when LEGISinfo publishes them. Any plain-language discussion summaries should be generated from those official texts and reviewed before public display.
Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced