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Decentralized Democracy

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Bill C-309

44th Parl. 1st Sess.
December 01, 2022
  • Bill C-309 is a proposed law that would change the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act. The purpose of the bill is to exempt certain public institutions from these acts. Public institutions that receive government operating grants and are subject to federal or provincial policy directives and operating procedures related to governance, accountability, finance, and administration would be excluded from the application of these acts. This means that these public institutions would not have to follow the bankruptcy and insolvency rules that other companies and organizations are required to follow.
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House Debates

44th Parl. 1st Sess.
Dec. 1, 2022, midnight

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