Hon. Pamela Wallin: I wanted to follow up, Senator Loffreda, on the ATSC, the air travellers security charge for safety and security put on passengers. It is going up by 33%. This is paid for exclusively by the flying public. You said that it would generate $1.25 billion a year. That funding is supposed to be recycled back into the system for security and upgrades, but I am told that it goes back into general government coffers for spending on a wide range of things. Do you have any further information on that? Again, it is one of these circumstances where, because it is a separate bill, we did not have time to look at it.

[Translation]

Hon. Pamela Wallin: Honourable senators, I have the honour to table, in both official languages, the seventh report of the Standing Senate Committee on Banking, Commerce and the Economy, which deals with the subject matter of those elements contained in Clauses 118 to 122 concerning cryptoasset mining in Part 2, and Divisions 1, 2, 6, 7, 26, 33 and 37 of Part 4 of Bill C-47, An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023.

(Pursuant to the order adopted April 27, 2023, the report was deemed referred to the Standing Senate Committee on National Finance and placed on the Orders of the Day for consideration at the next sitting of the Senate.)