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An Act to amend the Special Economic Measures Act (disposal of foreign state assets)

BillS-214
Session45-1
StagePassed Senate β€” awaiting House
Introduced2025-05-28
parl.ca ↗

This enactment amends the Special Economic Measures Act to allow the Governor in Council to dispose of a foreign state’s assets seized under the Act if the seizure occurred without a judicial order.

✦ AI Summary

Bill S-214 proposes to change the Special Economic Measures Act. It would allow the Canadian government to sell or get rid of assets from a foreign country that have been seized under the Act, even if a court didn't order the seizure. This applies to assets owned or controlled by a foreign state. The money from selling these assets can be used for specific purposes after consulting with the Ministers of Finance and Foreign Affairs.

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Legislative Timeline

2025-05-28
First reading
Current
Passed Senate β€” awaiting House

Votes

Vote #: 156 Date: 2022-06-15 Result: Passed Yes: 325 No: 0 Paired: 6

Yes / No Ratio

Yes100.0%
No0.0%

How each party voted

PartyPositionYesNo
BlocYes100%0%
ConservativeYes100%0%
GreenYes100%0%
LiberalYes100%0%
NDPYes100%0%