✘ Bill C-245 (Canada Infrastructure Bank)

Bill

Bill C-245, An Act to amend the Canada Infrastructure Bank Act

Vote

Nay.

Rationale

The CIB was established as an arm’s length Crown corporation granted with an array of financial tools to attract private sector capital and execute complex project partnerships. Government of Canada priorities for the CIB have evolved from trade and transportation, public transit and green infrastructure to include broadband connectivity and an expected role with respect to clean power and support for Indigenous projects. Additional opportunities and flexibilities are being considered as part of Budget 2022 regarding the deployment of the CIB’s innovative tools to support the transition to a low-carbon economy. Looking forward, the requirement for a five-year legislative review - including appropriate consultation with partners, Canadians and parliamentarians - will be triggered in June 2022 and is expected to conclude by June 2023, at which time proposed amendments could be.

Failed.

Bill Status

Bill defeated.