Thursday, May 27, 2010

Canadian Parliament votes to move Bill C-501 into committee.

The Canadian parliament voted on Bill C-501 yesterday and narrowly approved it. It now goes to committee. Not sure what the process is following this vote but from what I have read it can be amended in committee, so perhaps retroactivity may be applied to cover Nortel.

The actual vote by member shows at:\

The record on Bill C-501 was as follows:

Vote No. 50
40th Parliament, 3rd Session
Sitting No. 49 - Wednesday, May 26, 2010
Mr. Rafferty (Thunder Bay—Rainy River)
C-501 - An Act to amend the Bankruptcy and Insolvency Act and other Acts (pension protection)
That the Bill be now read a second time and referred to the Standing Committee on Industry, Science and Technology.
See the published vote in the Journals of Wednesday, May 26, 2010
144 111 255 0
Agreed to

Of the 307 MP seats, 52 did not vote, 255 voted = 144 Yea + 111 Nay
split was largely along party lines, with Conservatives generally voting Nay and
all opposition voting Yea. 11 Conservatives are to be commended for voting for
the bill.

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