Question Period Note: Canada Infrastructure Bank Act Legislative review

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About

Reference number:
INFC-072023-INFC-0005
Date received:
Jan 20, 2023
Organization:
Department of Housing, Infrastructure and Communities
Name of Minister:
LeBlanc, Dominic (Hon.)
Title of Minister:
Minister of Intergovernmental Affairs, Infrastructure and Communities

Issue/Question:

What is the status of the legislative review of the Canada Infrastructure Bank Act?

Suggested Response:

  • The Canada Infrastructure Bank Act, which came into force on June 22, 2017, contains a standard clause to undertake a review of the provisions and operations of the Act five years after it was enacted. This is similar to other Acts that govern other Crown corporations.

  • As of June 2022, the Government has initiated work for the review and is currently conducting stakeholder consultations and analysis.

  • The review is an opportunity to recognize the progress made to date and assess the evolution of the Bank over the last five years.

  • A report on the findings of the review will be tabled before Parliament in June 2023.

Background:

  • The Canada Infrastructure Bank (CIB) Act, the enabling legislation for the CIB, requires the Minister to undertake a review of the provisions and operations of the CIB Act every five years beginning on the day on which it came into force (i.e., with the first review covering the period of June 22, 2017 to June 22, 2022).

  • The review was initiated by the Minister. Once commenced, a report on the findings of the review must be tabled before Parliament one year from the day the review was undertaken and this report must be reviewed subsequently by the relevant Parliamentary Committee.

  • The review will assess whether the premises and context that underpinned the creation of the bank are still valid and pertinent; consider whether the CIB’s mandate and authorities to support its operations remain relevant; and, evaluate whether any changes or clarifications are warranted to position the CIB going forward.

Additional Information:

None