Bill S-214
2nd reading · Commons
An Act to amend the Special Economic Measures Act (disposal of foreign state assets)
This bill would change the law to allow the Canadian government to sell or transfer frozen assets belonging to foreign states — such as Russia — rather than just freezing them.
Sponsor · Donna Dasko
What it means for you
Canada could potentially use seized Russian government assets to help fund rebuilding efforts in countries like Ukraine, rather than leaving the money frozen indefinitely.
The debate · 2 points
Supporters say
- Bill S-214 would let cabinet decide on asset seizures under sanctions law, speeding up the process and complementing the time limit proposed in Bill C-219.
- Bill S-214 has already passed third reading in the Senate, and the committee should consider adding it to the bill under study.
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