CDIC Act amendments pass second reading

Posted on June 3, 2010

Margaret Grottenthaler

As discussed back in April, federal Bill C-9, the Jobs and Economic Growth Act, which in part amends the Canada Deposit Insurance Corporation Act (CDIC Act) to clarify an exemption to the EFC safe-harbour, received First Reading in the House of Commons on March 29, 2010. The Bill has now received second reading (April 19, 2010) and was referred back from the Finance Committee on May 14 without amendment.

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