S-214An Act to amend the Special Economic Measures Act (disposal of foreign state assets)
Senate public bill, introduced in the Senate on May 28, 2025
- Status
- Awaiting first reading in the House of Commons since May 26, 2026
- Sponsor
- Donna DaskoSenator
- Senator
What it does
Lets the federal cabinet forfeit certain foreign state assets seized under sanctions rules, even when no court order was used.
What it does
- Adds a new power for the Governor in Council to order that property owned, held, or controlled by a foreign state be forfeited to Canada if it was seized under an order made under paragraph 4(1)(b).
- Blocks the existing forfeiture rule in section 5.4 from being used for property owned, held, or controlled by a foreign state.
- Allows the Minister to pay money from the Proceeds Account, after consulting the finance and foreign affairs ministers, from the net proceeds of property forfeited under section 5.4 or new section 5.41.
- Lets the RCMP help the Minister with orders, seizures, forfeiture applications, and the new foreign state forfeiture order, and share information for that purpose.
- Makes the owner of property liable for costs tied to seizure, restraint, or disposal of forfeited property.
Who it affects
- Foreign states
- Owners of seized property
- Federal ministers
- Royal Canadian Mounted Police
- People involved in sanctions enforcement
Background
The bill amends the Special Economic Measures Act. That Act already deals with orders for seizure or restraint of property and with forfeiture and disposal of forfeited property.
Where it is
Senate
First reading
Completed.
Second reading
Completed.
Committee
Completed.
Third reading
Completed.
House of Commons
First reading
Current stage. Now here
Second reading
Not reached.
Committee
Not reached.
Report stage
Not reached.
Third reading
Not reached.
Royal assent
Royal assent
Not reached.
Introduced by a senator. If the Senate passes it, it goes to the House of Commons, where an MP must agree to sponsor it. How a bill becomes law
How the House voted
No recorded votes yet
Read the source
LEGISinfo status: Senate bill awaiting first reading in the House of Commons. Bill data from LEGISinfo, votes from openparliament.ca and the House of Commons. Last updated October 13, 2026.