Bill Detail
An Act to amend the Financial Administration Act and to make consequential amendments to other Acts (debt forgiveness registry)
This enactment amends the Financial Administration Act to require that the President of the Treasury Board establish and maintain a public registry of large debts and obligations owed by certain entities to His Majesty, as well as claims by His Majesty against such entities, that have been waived, written off or forgiven. It also makes consequential amendments to other Acts.
Bill C-230 requires the President of the Treasury Board to create and maintain a public online registry. This registry will list large debts and obligations owed to the government, or claims the government has against entities, that have been forgiven, written off, or waived. The minimum amount for inclusion is $2 million. This aims to increase transparency around government financial dealings and the remission of large debts.