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Decentralized Democracy

Senate Volume 153, Issue 21

44th Parl. 1st Sess.
February 24, 2022 02:00PM
  • Feb/24/22 2:00:00 p.m.

Senator Wallin: I’m genuinely asking this because we have had these issues many times before, but can you not propose an amendment? If it’s not accepted in committee, could you not propose it on the floor of the Senate?

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  • Feb/24/22 2:00:00 p.m.

Hon. Pamela Wallin: Senator Griffin, could you explain why this can’t be done through the process you have just outlined, which is a very short time frame? Is there some suggestion that this could not or would not happen at committee?

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  • Feb/24/22 2:00:00 p.m.

Hon. Pamela Wallin: Senator Gold, with the Emergencies Act now rescinded, the review process has been halted. It appears there is no longer a legal requirement for the government to provide Parliament, including this chamber, with the confidential documents or information that triggered the invocation of the act. Reflecting the concerns of my colleague, Senator Tannas, who asked you the other day about this issue, can we have some assurance that this chamber will be included in any forthcoming review process so that we might have access to the crucial information that I just referenced?

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  • Feb/24/22 2:00:00 p.m.

Senator Wallin: We all understand that with the revocation of the act that banks and financial institutions will have been asked to no longer freeze accounts or, perhaps, even scrutinize them. Financial institutions will continue to have immunity from liability, yet customers have no access to due process.

One of the solutions you suggested was that customers seek recourse from the financial consumer agency. That is somewhat problematic because over 80% of its funding comes from industry and it has a very poor track record of resolving claims. How can this now be resolved?

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