Bill Type
Long Title
AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES AND FOR OTHER PURPOSES
Date filed
July 17, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB01160 |
| FULL TITLE : AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES AND FOR OTHER PURPOSES |
| ABSTRACT : "The Revised General Banking Act". Directs the Bangko Sentral ng Pilipinas to supervise the operations and activities of banks, quasi-banks, trust entities and other financial institutions. One salient feature of this Act is the REDUCTION of minimumownership of Filipino citizens in new banks from [70%] to SIXTY PERCENT (60%) of the total voting stocks. |
| PRINCIPAL AUTHOR/S : LEDESMA, JULIO IV A. |
| DATE FILED : 1998-07-17 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB06814 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1998-07-30 |
Abstract
"The Revised General Banking Act". Directs the Bangko Sentral ng Pilipinas to supervise the operations and activities of banks, quasi-banks, trust entities and other financial institutions. One salient feature of this Act is the REDUCTION of minimumownership of Filipino citizens in new banks from [70%] to SIXTY PERCENT (60%) of the total voting stocks.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.