Bill Type
Congress Name
Long Title
AN ACT EXPANDING COUNTRYSIDE CREDIT THROUGH COOPERATIVE BANKS AND ENCOURAGING THE GROWTH AND DEVELOPMENT OF COOPERATIVE BANKS BY AMENDING CHAPTER XIII OF REPUBLIC ACT NO. 6938, OTHERWISE KNOWN AS THE COOPERATIVE CODE OF THE PHILIPPINES, AND FOR OTHER PURPOSES
Date filed
July 19, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1242, 12th Congress of the Republic | |
| FULL TITLE : AN ACT EXPANDING COUNTRYSIDE CREDIT THROUGH COOPERATIVE BANKS AND ENCOURAGING THE GROWTH AND DEVELOPMENT OF COOPERATIVE BANKS BY AMENDING CHAPTER XIII OF REPUBLIC ACT NO. 6938, OTHERWISE KNOWN AS THE COOPERATIVE CODE OF THE PHILIPPINES, AND FOR OTHER PURPOSES | |
| ABSTRACT : The proposed bill provides for the strengthening of the cooperative banking system in the country, particularly in rural and remote areas where credit and financial services are sorely needed. Towards this end, the bill extends a package of incentives, which are at present enjoyed by thrift banks under Republic Act No. 7906 and rural banks under Republic Act No. 7353. | |
| PRINCIPAL AUTHOR/S : ANGARA-CASTILLO, BELLAFLOR J. | |
| DATE FILED : 2001-07-19 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Villarama (007 ) | 2. Real (008 ) |
| 3. Badelles (020 ) | 4. Tulagan (054 ) |
| 5. Dumpit (002 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: House Bill No. 5206, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON COOPERATIVES DEVELOPMENT ON 2001-07-30 |
Abstract
The proposed bill provides for the strengthening of the cooperative banking system in the country, particularly in rural and remote areas where credit and financial services are sorely needed. Towards this end, the bill extends a package of incentives, which are at present enjoyed by thrift banks under Republic Act No. 7906 and rural banks under Republic Act No. 7353.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.