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QuebecBill 396First Reading

Bill 396: An Act to amend the Act to reduce the debt and establish the Generations Fund to provide for the achievement of a capitalization of one hundred billion dollars

Sponsor: Frédéric BeaucheminIntroduced March 16, 2023Checked September 3, 2026
Read the official text on assnat.qc.caOfficial version — National Assembly of Quebec

What this bill does

This Quebec bill amends the Act governing the Generations Fund to lock in the Fund's dedicated purpose and credited amounts until it reaches a capitalization of $100 billion, preventing the government from redirecting those funds unless otherwise permitted by the existing Act.

Plain-language summary by Legisail — not legal advice.

Business impact

This bill is primarily a government fiscal policy measure and has minimal direct day-to-day impact on private businesses. It affects the Quebec government's ability to manage provincial debt repayment mechanisms, which indirectly influences the fiscal environment for all businesses operating in Quebec — from small contractors to large corporations — by signaling long-term commitment to debt reduction. Businesses that track provincial credit ratings or plan long-term investments in Quebec may take note, as a stronger fiscal position can affect borrowing costs and government program stability. There is no direct operational change for any specific industry, trade, or employer size.

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Where this bill is

First ReadingMarch 16, 2023
Next: Second Reading debate

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At a glance

Bill number
QC-396
Type
Private Member's
Jurisdiction
Quebec
Session
43-3
Official record