Bill Type
Congress Name
Long Title
AN ACT PROVIDING THE REGULATORY FRAMEWORK FOR REAL ESTATE INVESTMENT TRUSTS AND FOR OTHER PURPOSES
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00148 | |
| FULL TITLE : AN ACT PROVIDING THE REGULATORY FRAMEWORK FOR REAL ESTATE INVESTMENT TRUSTS AND FOR OTHER PURPOSES | |
| SHORT TITLE : "The Real Estate Investment Trust Act of 2007" | |
| ABSTRACT : "The Real Estate Investment Trust Act of 2007". The bill provides for the legal framework whereby real estate investment trusts may be allowed to invest in real estate, whether freehold or leasehold, in or out of the country; real estate related assets; listed or unlisted debt securities and listed shares issued by local or foreign non-property corporations; government securities issued on behalf of the Philippine government or governments of other countries; and cash and cash equivalent items. | |
| PRINCIPAL AUTHOR/S : ANGARA, JUAN EDGARDO M. | |
| DATE FILED : 2007-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Almario (017 ) | 2. Daza (P.) (062 ) |
| 3. Villanueva (066 ) | 4. Teodoro (051 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2008-02-12 | |
| 2. Under study by the Technical Working Group(TWG) on 2008-02-20 | |
| 3. Recommendations submitted by the TWG on 2008-09-09 | |
| 4. Approved by the Committee on 2008-11-25 | |
| 5. Approved by the Committee on Ways and Means on 2009-04-21 | |
| MOTHER BILL: HB06379 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ECONOMIC AFFAIRS ON 2007-07-24 |
Abstract
"The Real Estate Investment Trust Act of 2007". The bill provides for the legal framework whereby real estate investment trusts may be allowed to invest in real estate, whether freehold or leasehold, in or out of the country; real estate related assets; listed or unlisted debt securities and listed shares issued by local or foreign non-property corporations; government securities issued on behalf of the Philippine government or governments of other countries; and cash and cash equivalent items.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.