Bill C-28

Financial Literacy Leader Act

An Act to amend the Financial Consumer Agency of Canada Act

This bill was tabled by Jim Flaherty on Dec. 1, 2011.

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How does a bill become a law?

Don’t trust Schoolhouse Rock – that’s for Americans. To become a law, a bill in the Canada’s Parliament needs to go through the following steps, and pass when voted on during each step:

  • It all starts with the first reading, when the bill is introduced.
  • Next comes the second reading, when other MPs or Senators get to debate the bill.
  • After that, the bill goes to a committee that studies and amends it line-by-line. Once they finish, the bill goes returns to the House or Senate for the report stage, where anyone can propose amendments.
  • The third reading is the moment of truth: no more changes, just a debate and a final vote on whether or not the bill should pass.
  • If a bill makes it through all of those steps – in both the House of Commons and Senate – it’s ready to get Royal Assent and become a law.

Status of this Bill

Concurrence at Report Stage

Activity Feed

  • Photo of Mathieu Ravignat
    Mathieu Ravignat spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, I will repeat the quote that I was attempting to read by the finance columnist from The Globe and Mail, Rob Carrick. He wrote something that I think is quite revealing. He said: ... more

    Nov. 28, 2012,   Parliament
  • Photo of Tarik Brahmi
    Tarik Brahmi spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, the points of order we heard are very technical but yet very interesting. ... more

    Nov. 28, 2012,   Parliament
  • spoke about Government Orders > Financial Literacy Leader Act

    The House resumed from November 8 consideration of the motion that Bill C-28, An Act to amend the Financial Consumer Agency of Canada Act, be read the third time and passed.

    Nov. 28, 2012,   Parliament
  • Photo of Kevin Lamoureux
    Kevin Lamoureux spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, it is with pleasure that I rise to speak to Bill C-28. Off-hand, there are a couple of good reasons to speak in favour of the bill. ... more

    Nov. 8, 2012,   Parliament
  • Photo of Matthew Dubé
    Matthew Dubé spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, despite a certain level of enthusiasm, financial literacy does not necessarily seem the most exciting of subjects. That being said, it is still an extremely important subject. It is important for young people who are beginning to save their money and to understand what is involved in investing and having money, and it is important for retired seniors who must manage their pensions and a significantly lower income now that they are no longer working and are taking their well-deserved retirement. ... more

    Nov. 8, 2012,   Parliament
  • spoke about Government Orders > Financial Literacy Leader Act

    The House resumed from October 31 consideration of the motion that Bill C-28, An Act to amend the Financial Consumer Agency of Canada Act, be read a third time and passed.

    Nov. 8, 2012,   Parliament
  • Photo of Peter Van Loan
    Peter Van Loan spoke about Oral Questions > Business of the House

    Mr. Speaker, this afternoon, before we depart to our constituencies and events for Remembrance Day where most of us will be participating in remembrance services in our ridings, we will resume third reading debate on Bill C-28, the financial literacy leader act. ... more

    Nov. 8, 2012,   Parliament
  • Photo of Irwin Cotler
    Irwin Cotler spoke about Government Orders > Protecting Canada's Seniors Act

    Mr. Speaker, I am pleased to rise to speak to Bill C-36, what the government has named the protecting Canada's seniors act. I am pleased to do so not only as a senior myself but also on behalf of a riding that has one of the greatest concentrations of senior citizens anywhere in the country. ... more

    Nov. 5, 2012,   Parliament
  • Dr. Colin Bennett spoke

    I thank you for the opportunity to appear before your committee and to speak about this important issue. ... more

    Nov. 1, 2012,   Parliament
  • Photo of Kennedy Stewart
    Kennedy Stewart spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, I am happy to rise this evening and speak to Bill C-28, An Act to amend the Financial Consumer Agency of Canada Act. ... more

    Oct. 31, 2012,   Parliament
  • Photo of Annick Papillon
    Annick Papillon spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, it will be my pleasure. I very much appreciate my hon. colleague's comment. ... more

    Oct. 31, 2012,   Parliament
  • Photo of Annick Papillon
    Annick Papillon spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, as the deputy critic for consumer protection, it is my great pleasure to speak today on a subject of great importance: financial literacy. There is no better time to talk about this issue because November, which starts tomorrow, is financial literacy month in Canada. ... more

    Oct. 31, 2012,   Parliament
  • Photo of Scott Simms
    Scott Simms spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, it is a pleasure to rise today to speak to Bill C-28, An Act to amend the Financial Consumer Agency of Canada Act, or more to the point, let us talk about having a financial literacy leader, or as my hon. colleague pointed out, financial literacy coordinator. It is necessary across all regions in the country for the sake of the troubled times that we have entered into. For that reason alone, having a person in charge of financial literacy is one that is necessary. ... more

    Oct. 31, 2012,   Parliament
  • Photo of Glenn Thibeault
    Glenn Thibeault spoke about Government Orders > Financial Literacy Leader Act

    Mr. Speaker, I am pleased to rise today to present the NDP's position on Bill C-28, which would create a financial literacy leader with the aim of improving financial literacy in Canada. ... more

    Oct. 31, 2012,   Parliament
  • spoke about Government Orders > Financial Literacy Leader Act

    The House proceeded to the consideration of Bill C-28, An Act to amend the Financial Consumer Agency of Canada Act, as reported without amendment from the committee.

    Oct. 31, 2012,   Parliament
  • Photo of Peter Van Loan
    Peter Van Loan spoke about Oral Questions > Business of the House

    Mr. Speaker, I did want to be in accord with the official opposition and NDP House leader. However, my disappointment was that before we started debate on Bill C-45, what we first encountered was a delay tactic in the form of a concurrence motion brought by the Liberal Party. Indeed, that was very disappointing to us and a surprise because Bill C-45 is important. It is the government's top legislative priority for this fall. All parties know that. He is quite right that I did want to see it debated in substance in the House rather than see those kinds of tactics to avoid debate. ... more

    Oct. 25, 2012,   Parliament
  • Photo of James Rajotte
    James Rajotte spoke about Routine Proceedings > Committees of the House > Finance

    Mr. Speaker, I have the honour to table, in both official languages, the second report of the Standing Committee on Finance in relation to Bill C-28, an act to amend the Financial Consumer Agency of Canada Act. ... more

    Oct. 2, 2012,   Parliament
  • Photo of James Rajotte

    That ends the clause-by-clause consideration of Bill C-28. ... more

    Oct. 1, 2012,   Parliament
  • Photo of James Rajotte

    I call the meeting to order. ... more

    Oct. 1, 2012,   Parliament
  • Photo of Hoang Mai
    Hoang Mai spoke

    Thank you, Mr. Chair. ... more

    Sept. 26, 2012,   Parliament
  • Photo of Guy Caron
    Guy Caron spoke

    Thank you. ... more

    Sept. 26, 2012,   Parliament
  • Photo of Cathy McLeod
    Cathy McLeod spoke

    In summary, it sounds as though every witness here today is very supportive of Bill C-28 and...being part of the Financial Consumer Agency of Canada and enshrining that as per the recommendations here.

    Sept. 26, 2012,   Parliament
  • Mr. Stephen Ashworth (President, Acting Chief Executive Officer, Junior Achievement Canada) spoke

    Thank you very much, Chair and members of the Standing Committee on Finance. Junior Achievement is extremely pleased to be here with you today to discuss an issue of great importance to our organization: financial literacy. Before I specifically address Bill C-28, I would like to provide a brief overview of Junior Achievement and highlight why financial literacy is so important to our organization. ... more

    Sept. 26, 2012,   Parliament
  • Mr. Mack Rogers (Program Manager, Community Literacy and Learners, ABC Life Literacy Canada) spoke

    Good afternoon, and thank you for the opportunity to appear before you today. ... more

    Sept. 26, 2012,   Parliament
  • Photo of James Rajotte

    I call the meeting to order. ... more

    Sept. 26, 2012,   Parliament
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