Bill C-389: An Act respecting the development of a national strategy on student loan debt

Bill C-389 LEGISinfo First Reading Bilingual view XML PDF Short Title Interpretation National Strategy on Student Loan Debt Review and Report First Session, Forty-second Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 HOUSE OF COMMONS OF CANADA BILL C-389 An Act respecting the development of a national strategy on student loan debt FIRST READING, December 13, 2017 Mr. Davies 421456 SUMMARY This enactment provides for the development of a national strategy with the objective of reducing student loan debt. Available on the House of Commons website at the following address: www.ourcommons.ca 1st Session, 42nd Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 HOUSE OF COMMONS OF CANADA BILL C-389 An Act respecting the development of a national strategy on student loan debt Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: Short Title Short title 1 This Act may be cited as the Student Debt Relief Act. Interpretation Definition of Minister 2 In this Act, Minister means the Minister of Employment and Social Development. National Strategy on Student Loan Debt National Strategy 3 (1) The Minister, in consultation with representatives of the provincial governments responsible for education, must develop a national strategy to reduce student loan debt that includes an assessment of the following: (a) reducing student loan interest rates to prime rate; (b) introducing incentives to complete a degree, including loan forgiveness; and (c) establishing rewards for on-time payments of loans, such as the possibility of interest-rate reductions. Conference (2) The Minister must hold at least one conference with representatives of the provincial governments respon­sible for education for the purpose of developing the strategy. Report to Parliament 4 (1) Within one year after the day on which this Act comes into force, the Minister must prepare a report setting out the national strategy and cause it to be laid before each House of Parliament. Publication (2) The Minister must post the report on the website of the Department of Employment and Social Development within 30 days after the day on which the report is tabled in Parliament. Review and Report Review by Minister 5 (1) Within three years after the report referred to in section 4 has been tabled in both Houses of Parliament, the Minister must, in consultation with representatives of the provincial governments responsible for education, undertake a comprehensive review of the national strat­egy and prepare a report setting out his or her findings and recommendations. Tabling of report (2) The Minister must cause the report of the review to be tabled in each House of Parliament on any of the first 15 days on which that House is sitting after it is completed. Published under authority of the Speaker of the House of Commons Publication Explorer Publication Explorer ParlVU