C-245An Act to amend the Canada Infrastructure Bank Act
Private member's bill, introduced in the House of Commons on February 8, 2022
- Status
- Defeated at second reading in the House of Commons
What it does
Refocuses the Canada Infrastructure Bank on public-interest infrastructure, with priority for public, Northern, Indigenous and climate-related projects.
What it does
- Changes the Bank’s purpose to investing in infrastructure projects in Canada, or partly in Canada, that are in the public interest, including projects that support climate change mitigation or adaptation and infrastructure sustainability.
- Lets the Bank invest in infrastructure projects, including with innovative financial tools, receive unsolicited proposals, and act as a centre of expertise on infrastructure projects.
- Requires the Bank to give priority to investments from public institutions, all levels of government, and Northern and Indigenous communities, and to projects that help mitigate or adapt to climate change or are not harmful to the environment.
- Requires the Board to include at least one person recommended by an Indigenous organisation representing First Nations, one for Inuit, and one for Métis interests.
- Requires the Bank to give the designated Minister an annual report on the investments and projects that received priority, and requires the Minister to table it in Parliament.
- Extends the Bank’s confidentiality rule to information about project proponents held by the Bank and its subsidiaries.
Who it affects
- Canada Infrastructure Bank
- Public institutions
- Federal, provincial and territorial governments
- Northern communities
- Indigenous communities
- Infrastructure project proponents
- Indigenous organisations
- Bank board members
Background
It amends the Canada Infrastructure Bank Act.
Where it is
House of Commons
First reading
Completed.
Second reading
Defeated here. Defeated
Committee
Not reached.
Report stage
Not reached.
Third reading
Not reached.
Senate
First reading
Not reached.
Second reading
Not reached.
Committee
Not reached.
Third reading
Not reached.
Royal assent
Royal assent
Not reached.
Introduced by an MP who is not a minister. These bills compete in a lottery for debate time, and most do not become law. How a bill becomes law
How the House voted
2nd reading of Bill C-245, An Act to amend the Canada Infrastructure Bank Act
Vote 168,
Failed
59 yeato260 nay · 2 paired
Party breakdown for vote 168 Party Position Yea Nay Did not vote Liberal Nay3 broke ranks 3 145 11 Conservative Nay 0 114 5 Bloc Yea 30 0 2 NDP Yea 24 0 1 Green Yea 2 0 0 Independent Nay 0 1 0 Total 59 260
What MPs said
Each party’s first speech on this bill in the House, from Hansard. Excerpts are the speaker’s opening sentences, unedited.
LiberalKevin Lamoureux· April 6, 2022
“Infrastructure is such an important topic. When we formed government, there was a significant commitment by the Prime Minister and the Liberal government, for the first time in a long time, to truly invest in infrastructure.”
Read the full speech on openparliament.caConservativeGarnett Genuis· April 6, 2022
“Schwab, Carney and the NDP member proposing this bill today have every right to advance a particular set of proposals about how they believe our economy should change, but we should talk about the fact that these ideas have significant unseen consequences. Generally speaking, though not always, the proponents of stakeholder capitalism come from the political left.”
Read the full speech on openparliament.caBlocXavier Barsalou-Duval· April 6, 2022
“Today we are debating Bill C-245, introduced by my NDP colleague. To begin with, this bill deserves to be debated at the very least.”
Read the full speech on openparliament.caNDPNiki Ashton· April 6, 2022
“I am proud to rise in the House to speak to my private member’s bill, Bill C-245.”
Read the full speech on openparliament.caGreenMike Morrice· June 20, 2022
“That is why I support Bill C-245, along with the member for Saanich—Gulf Islands, and that is why I really appreciate the member for Churchill—Keewatinook Aski bringing this legislation forward as her private member's bill.”
Read the full speech on openparliament.ca
Read the source
LEGISinfo status: Bill defeated. Bill data from LEGISinfo, votes from openparliament.ca and the House of Commons. Last updated October 13, 2026.