Bill C-14

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Royal Assent

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	RECOMMENDATION
	His Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled ``An Act to continue the National Transportation Agency as the Canadian Transportation Agency, to consolidate and revise the National Transportation Act, 1987 and the Railway Act and to amend or repeal other Acts as a consequence''.
	SUMMARY
	This enactment reforms and modernizes transportation regulation formerly established by the National Transportation Act, 1987 and the Railway Act. The key components of the enactment include:
	- a more commercially oriented process for railway companies to sell or lease surplus rail lines to new operators, rather than discontinue service;
	- continued protections for shippers using railways that would ensure adequate levels of service at competitive prices;
	- further deregulation of the domestic air sector by removing the residual regulation in the north;
	- the exclusion of regulation from the following sectors:
	- motor vehicle transport,
	- northern marine resupply services,
	- commodity pipelines, and
	- mergers and acquisitions;
	- a clearer delineation of the role and powers of government and the regulatory body, renamed the Canadian Transportation Agency;
	- the removal of unnecessary or duplicative regulatory provisions and processes;
	- a shift toward greater reliance on general business laws, such as the Canada Business Corporations Act and the Competition Act; and
	- the overall simplification of the legislative framework and the removal of outdated provisions of the Railway Act.