Bill C-431: An Act to amend the Canada Pension Plan Investment Board Act (investments)

Bill C-431 If you have any questions or comments regarding the accessibility of this publication, please contact us at [email protected]. First Reading LEGISinfo Bilingual view XML PDF Skip to Document Navigation Skip to Document Content Canada Pension Plan Investment Board Act Coming into Force First Session, Forty-second Parliament, 64-65-66-67-68 Elizabeth II, 2015-2016-2017-2018-2019 HOUSE OF COMMONS OF CANADA BILL C-431 An Act to amend the Canada Pension Plan Investment Board Act (investments) FIRST READING, February 25, 2019 Mr. MacGregor 421550 SUMMARY This enactment amends the Canada Pension Plan Investment Board Act to specify that the investment policies, standards and procedures established by the board of directors shall provide that no investment may be made or held in any entity that has engaged in certain practices. Available on the House of Commons website at the following address: www.ourcommons.ca 1st Session, 42nd Parliament, 64-65-66-67-68 Elizabeth II, 2015-2016-2017-2018-2019 HOUSE OF COMMONS OF CANADA BILL C-431 An Act to amend the Canada Pension Plan Investment Board Act (investments) Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1997, c. 40 Canada Pension Plan Investment Board Act 1 Section 35 of the Canada Pension Plan Investment Board Act is renumbered as subsection 35(1) and is amended by adding the following: Considerations (2) The investment policies, standards and procedures shall provide that no investment may be made or held in any entity that has performed acts or carried out work contrary to ethical business practices or has committed human, labour or environmental rights violations. Coming into Force Subsection 114(4) of the Canada Pension Plan 2 Section 1 of this Act comes into force in accord­ance with subsection 114(4) of the Canada Pension Plan. Published under authority of the Speaker of the House of Commons Publication Explorer Publication Explorer ParlVU