SoVote

Decentralized Democracy

House Hansard - 228

44th Parl. 1st Sess.
October 3, 2023 10:00AM
Context: House Hansard - 228 - Oct/3/23
Ms. Jennifer O'Connell (Parliamentary Secretary to the Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs (Cybersecurity), Lib.)
Madam Speaker, I am very pleased to speak today about Bill C-280, a private member's bill introduced by the member for York—Simcoe. Allow me to extend my congratulations to the bill's sponsor on this important work as it aims to protect our fresh produce farmers and sellers who provide Canadians with access to fresh produce for their families. Bill C-280, an act to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act (deemed trust – perishable fruits and vegetables), addresses the need for payment protection in the fresh produce industry through insolvency law amendments in cases of buyer bankruptcy, receivership and large commercial restructuring. The bill would create a special legal mechanism known as a “deemed trust” to pay the unpaid bills of fresh fruit and vegetable sellers ahead of all creditors if a buyer becomes insolvent. The deemed trust would provide important protection in insolvency proceedings to the sellers of fresh fruits and vegetables against unique payment risks faced by the fresh produce industry, such as the perishable nature of fresh produce. Members of the Standing Committee on Agriculture and Agri-Food studied the bill with the assistance of testimony from representatives of the fresh produce industry and the bill was reported back to the House with unanimous support. With our support of Bill C-280, we hope to increase the likelihood that the United States will restore Canada's preferential access to the formal—
249 words
  • Hear!
  • Rabble!
  • star_border