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?

Hon. Pamela Wallin: Honourable senators, my question is for the government leader, Senator Gold. This morning, you said that people who have concerns about what has happened to their bank accounts, be they frozen or that there is some other impact on their economic or financial life, could appeal to their bankers, to other organizations or even to the police. However, it is my understanding that this bill explicitly states that there is immunity from liability for financial institutions.