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Decentralized Democracy

Member of the panel of chairs for the legislative committees

Hon. Michael Chong

  • Member of Parliament
  • Member of the panel of chairs for the legislative committees
  • Conservative
  • Wellington—Halton Hills
  • Ontario
  • Voting Attendance: 65%
  • Expenses Last Quarter: $120,269.09

  • Government Page
Context: House Hansard - 215 - Jun/16/23
Hon. Michael Chong (Wellington—Halton Hills, CPC)
  • Jun/16/23 12:03:10 p.m.
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Madam Speaker, the resignation of a Canadian executive from the Asian Infrastructure Investment Bank confirms what we have long been saying. The bank is a tool of the Chinese Communist Party to spread its authoritarian model of governance throughout the Indo-Pacific region. The bank has said that it is willing to lend to Myanmar's military junta, which has been targeting the Rohingya minority, and there are suggestions that it is willing to resume lending to Russia. What more proof does the government need to conclude that this bank runs contrary to Canada's interests and values?
98 words
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  • Rabble!
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Context: House Hansard - 67 - May/9/22
Hon. Michael Chong (Wellington—Halton Hills, CPC)
  • May/9/22 6:07:59 p.m.
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  • Re: Bill C-19 
Madam Speaker, in March 2020, the Office of the Superintendent of Financial Institutions reduced the domestic stability barrier to 1%, thus freeing up an additional $300 billion in capital. The government at the time said that it expected the banks to lend it out, and the banks did loan it out. Mortgage credit has exploded over the last two years of the pandemic, from $1.7 trillion to $2 trillion today. Should the government have put in place measures to ensure that this additional $300 billion in credit did not all go into the residential mortgage market, thus fuelling the explosion in house prices and the skyrocketing housing prices we have seen over the last 24 months?
117 words
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