Bill Detail
An Act respecting the implementation of a consumer-led banking system for Canadians
BillC-365
Session44-1
StageReport stage (House)
Introduced2023-11-09
Proposed byRyan Williams
This enactment imposes certain obligations on the Minister of Finance in relation to the implementation of open banking in Canada.
✦ AI Summary
This bill, titled the Consumer-led Banking Act, aims to implement 'open banking' in Canada. Open banking allows Canadians to securely share their financial data with different financial institutions and approved third-party providers. This is intended to increase competition in the banking sector, potentially leading to lower fees and better services for consumers and small businesses.
Generated by Gemini · may contain errors
Legislative Timeline
2023-11-09
First reading
✦ AIBill proposes mandatory open banking implementation for consumers.
Current
Report stage (House)
✦ AIBill is currently under review by the House of Commons.
Votes
Vote #: 671
Date: 2024-03-20
Result: Passed
Yes: 172
No: 150
Paired: 2
Yes / No Ratio
Yes53.4%
No46.6%
How each party voted
| Party | Position | Yes | No |
|---|---|---|---|
| Bloc | Yes | 100% | 0% |
| Conservative | Yes | 100% | 0% |
| Green | Yes | 100% | 0% |
| Liberal | No | 0% | 100% |
| NDP | Yes | 100% | 0% |