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Liberals Accept Conservative Budget Amendments on ‘Regulatory Sandboxes’

Liberal MPs accepted Conservative amendments adding limits and reporting requirements to Bill C-15's new cabinet powers to address concerns of power concentration.

  • On Monday, February 23, 2026, the House of Commons finance committee in Ottawa voted in favour of four Conservative amendments to Bill C-15, the Budget Implementation Act.
  • Bill C-15 would give federal ministers power to create regulatory sandboxes exempting firms from some non-criminal laws, prompting Sandra Cobena to warn, `This is an immense concentration of power and what is clear is that this concern has been widespread and consistent`.
  • A mandatory 30-day public consultation and a 90-day parliamentary report mean cabinet ministers must consult Canadians and report decisions, while dual approval by a cabinet minister and the President of the Treasury Board is required before exemptions.
  • The House of Commons finance committee wrapped up on Monday and the committee is expected to report the amended bill back this week, with the vote on the Budget Implementation Act a confidence matter.
  • The amendments narrow the policy to financial technology and environmental technology companies, increasing reporting and balancing innovation with oversight, while Liberals and Conservatives negotiate a path and Prime Minister Mark Carney downplays a spring election.
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Rocky Mountain Outlook broke the news in on Monday, February 23, 2026.
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