Bill Type
Congress Name
Long Title
AN ACT LIMITING THE BORROWING POWER OF THE PRESIDENT BY PRESCRIBING CERTAIN REQUIREMENTS FOR ALL FORMS OF FOREIGN AND DOMESTIC INDEBTEDNESS AND ALL MATTERS RELATING TO THE COUNTRY'S DEBT MANAGEMENT STRATEGIES AND FOR OTHER PURPOSES
Date filed
July 16, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01121 |
| FULL TITLE : AN ACT LIMITING THE BORROWING POWER OF THE PRESIDENT BY PRESCRIBING CERTAIN REQUIREMENTS FOR ALL FORMS OF FOREIGN AND DOMESTIC INDEBTEDNESS AND ALL MATTERS RELATING TO THE COUNTRY'S DEBT MANAGEMENT STRATEGIES AND FOR OTHER PURPOSES |
| ABSTRACT : The bill provides for the prior approval of the Philippine Congress in negotiating and contracting any loan, whether foreign or domestic, in the name and liability of the national government, including those undertaken by government-owned and controlled corporations and local government units. |
| PRINCIPAL AUTHOR/S : PINGOY, ARTHUR "DODO" JR. Y. M.D. |
| DATE FILED : 2007-07-16 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Referred to Stakeholders on 2008-04-09 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2007-08-01 |
Abstract
The bill provides for the prior approval of the Philippine Congress in negotiating and contracting any loan, whether foreign or domestic, in the name and liability of the national government, including those undertaken by government-owned and controlled corporations and local government units.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.