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Nicolas Marceau against the withdrawal of the draft law 141

by

Denis Méthot

14 May 2018 13:30

Nicolas Marceau | Photo : Denis Méthot

The member of Rousseau and spokesperson for the Parti québécois in the area of public Finances, Nicolas Marceau, believes that it is always possible to adopt, at least in part, the bill 141 before the suspension of the work of the parliament in mid-June. For this reason, it is favourable to the continuation of his study by a parliamentary committee, even though many groups have called for its abandonment, a week ago.

«It is the government that controls the agenda of parliament. It is not for me to determine if we will continue or not. The minister of Finance, Carlos J. Leitão, wants to go forward, and I can’t prevent it. From my side, I have the taste to talk about it and discuss my concerns with the minister «, he explained in an interview in the Journal of the insurance.

Poor understanding of the bill

Carlos J. Leitão | Photo : Denis Méthot

In spite of the voices to be raised asking for the withdrawal of the bill, Mr. Leitão has no intention to throw in the towel. And, even if he remains about five weeks to the schedule for completing the detailed study to a parliamentary committee. Bill 141 is considered to be one of the most voluminous bills ever presented in Quebec city.

According to the press attaché to the minister, the fears expressed by the groups which have called for its withdrawal are not based. «The study must continue, because for consumers, this bill is a real simplification of their use and an additional protection in case of fraud in the financial community, has supported Audrey Cloutier by email. Although a project of law complex and technical, the comments heard are, unfortunately, a poor understanding. It is a pity. «

To the sections of the most controversial

Two sections to the study of the draft law article-by-article have been completed, or the review of the governance framework of financial institutions and the portion which relates to the supervision of the Desjardins group required by the international monetary Fund. This last phase was concluded on may 10.

It was, however, parties are more consensual project of act 141. The elect are now coming to the sections of the bill more controversial where the points of view diverge, said Mr. Marceau.

«The conversations more interesting start this week,» commented the ex-minister of Finance under the reign of Pauline Marois. He was thinking in particular to the discussions that will surround the maintenance or the disappearance of the Chamber of financial security and the Chamber of damage insurance. Mr. Marceau said that he had a bias favourable to their preservation, and that the minister Leitão will need to demonstrate that their abolition and their integration to theAuthority of the financial markets would be advantageous. The member for Rousseau is said to have the intention of keeping his end on this issue.

The minister will have to be flexible, » says Dr. Marceau

On some shutters, the exchanges could last for several hours if Mr. Leitão is shown closed and inflexible in the face of all the changes, » said Nicolas Marceau. He does not believe that it would be in the interest of the government or person that bill 141 be successful in a cul-de-sac.

«There is a way for the minister of Finance to make certain compromises. Depending on its flexibility, it will be the time to have conversations intelligent on all subjects, or not «, he says.

Even if he believes that the government wants to go to the end of the discussions, however, it would have options in the event of a deadlock. He would be surprised that he imposed the gag for a bill of this importance. It could, however, remove portions less consensual and the adoption of other, particularly relating to Desjardins. All parties consider the adoption of these provisions as being urgent.

«For me, the question is not to know if bill 141 will be adopted, but what portions will be maintained and which will be removed, stressed Nicolas Marceau. What remains is very large, hundreds of items to see, but we can do a lot in a few weeks. Progress will depend on the flexibility of the minister. «

Currently, the parliamentary Committee of public Finance seat between 10 and 13 hours per week, but this pace is going to accelerate the last two weeks of the session where it will then spend more than 20 hours per week.

The CAQ would prefer not to comment on

Also joined by the Journal of insurance, François Bonnardel, a spokesman in matters of public Finance for the Coalition Avenir Québec (CAQ), has preferred not to comment on the status of the progress of the bill 141.

«The CAQ is in favour of the overhaul of the laws governing the financial sector, although the government has introduced a bill very laborious, which hinders the work of parliamentarians. The parliamentary session ends in just a few weeks. The CAQ will continue to work constructively with the liberal government to improve the bill, » said its spokesman.

The end for bill 150, anticipates Nicolas Marceau

If it is possible to conclude the detailed study and adopt the draft 141 by mid-June, the bill 150 is in danger of becoming a lite version or die on the order paper.

«In its current bill, it is virtually impossible for it to be adopted if the bill 141 rest on the rails, think Nicolas Marceau. If something could happen to bill 150, is that the government offers a version of the extremely reduced. However, I would say that the provisions relating to the financial sector contained in the draft law 150 have very little chance of being passed this session. «

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