This bill is called the Canada–United States–Mexico Agreement Implementation Act. It puts into place the agreement between Canada, the United States, and Mexico. The agreement was made in Buenos Aires on November 30, 2018, and changed by a document made in Mexico City on December 10, 2019.
The bill has three main parts. Part 1 approves the agreement. It also says Canada will pay its share of the costs to run the parts of the agreement that deal with how things are set up and managed. The government can make orders that go along with the agreement.
Part 2 changes some existing laws to match what Canada must do because of the agreement. These changes affect many areas, like how bank deposits are insured, competition rules, copyright laws, and more.
Part 3 says when the different parts of the bill will start to be used. Most of the bill will begin when the government decides. Some parts will start later, up to six years after the main part of the bill begins.
Spending
The bill says that Canada will pay its share of the costs to run the parts of the agreement that deal with how things are set up and managed. It mentions different kinds of costs, like those for the Free Trade Commission, committees, working groups, and experts.
Crime
The bill adds a new crime to the Criminal Code. It is now a crime to get or share a trade secret through dishonest or fraudulent means. A trade secret is information that is not widely known, has economic value because it is not widely known, and is kept secret through reasonable efforts.