Bill Type
Congress Name
Long Title
AN ACT REQUIRING THAT ALL EXPENDITURES FOR THE PAYMENT OF FOREIGN DEBTS BE INCLUDED IN THE ANNUAL GENERAL APPROPRIATIONS ACT
Date filed
July 23, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01592 |
| FULL TITLE : AN ACT REQUIRING THAT ALL EXPENDITURES FOR THE PAYMENT OF FOREIGN DEBTS BE INCLUDED IN THE ANNUAL GENERAL APPROPRIATIONS ACT |
| ABSTRACT : The bill allows Congress to review, assess and approve all budget items proposed by the Executive branch including the payment of foreign loans. The approval of the measure will put to an end to the vicious cycle of borrowing just to pay existing/maturing debts. |
| PRINCIPAL AUTHOR/S : EULOGIO "AMANG" R. MAGSAYSAY, Ph.D. |
| DATE FILED : 2004-07-23 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2004-08-03 |
Abstract
The bill allows Congress to review, assess and approve all budget items proposed by the Executive branch including the payment of foreign loans. The approval of the measure will put to an end to the vicious cycle of borrowing just to pay existing/maturing debts.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.