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FederalDid not become law (session ended)41st Parliament, 1st Session

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

Jurisdiction
Federal Parliament
Legislature / Parliament
Parliament of Canada
Session
41st Parliament, 1st Session
Bill number
Bill S-217
Full title
An Act to amend the Financial Administration Act (borrowing of money)
Current status
Did not become law (session ended)
Latest event
At report stage in the Senate
Last updated
Jun 26, 2013

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.

Chamber
Parliament of Canada
Current Stage
At report stage in the Senate
Latest Activity
Jun 26, 2013
Plain-language explanation
In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing
Short Version

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.

What It Means

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.

What This Bill Does
  • 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.
Who Is Affected
  • The Governor in Council
  • The Minister of Finance
  • The Parliament of Canada (House of Commons and Senate)
Rights, Duties, Or Obligations
  • 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.
Important Dates
  • The bill was given first reading on March 21, 2013.
  • The bill is currently at the report stage in the Senate.
Financial Or Tax Impacts
  • The bill affects the government's ability to borrow money.
Uncertainties Or Limits
  • 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.
Laws Or Regulations Affected
Financial Administration Act
amends

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

Section 43.1 of the Financial Administration Act
repeals

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

Section 49 of the Financial Administration Act
replaces

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 text

Parliamentary Process

Step 1
First reading
Mar 21, 2013
Completed

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.

Introduction and first reading, Mar 21, 2013
End of stage activity, Mar 21, 2013
Chamber sittings
Introduction and first reading - Mar 21, 2013

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.

Step 2
Second reading
May 21, 2013
Completed

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.

Second reading, May 21, 2013
Referral to committee, May 21, 2013
End of stage activity, May 21, 2013
Chamber sittings
Debate at second reading - Mar 26, 2013

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.

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.

Debate at second reading - May 21, 2013

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 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.

Step 3
Consideration in committee
Jun 20, 2013
Completed

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.

Committee report presented with a recommendation, Jun 20, 2013
End of stage activity, Jun 20, 2013
Chamber sittings
Committee report presented with a recommendation - Jun 20, 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.

Step 4
Report stage
Jun 26, 2013
Not completed

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.

Chamber sittings
Debate at consideration of committee report - Jun 21, 2013

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.

Debate at consideration of committee report - Jun 26, 2013

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.

Step 5
Third reading
Not reached yet
Not reached

We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.

Step 1
First reading
Not reached yet
Not reached

We don't have a plain-language summary for First reading yet. The official source linked below is the full record.

Step 2
Second reading
Not reached yet
Not reached

We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.

Step 3
Consideration in committee
Not reached yet
Not reached

We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.

Step 4
Report stage
Not reached yet
Not reached

We don't have a plain-language summary for Report stage yet. The official source linked below is the full record.

Step 5
Third reading
Not reached yet
Not reached

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

No published recorded division

This bill is still active. We only show vote counts after the legislature publishes a recorded division.

Sponsor
Wilfred P. Moore
Senator | Details not listed in current Senate roster
Jurisdiction
Federal Parliament

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