Bill Type
Congress Name
Long Title
AN ACT DECLARING AS NATIONAL POLICY THE FREEDOM OF THE FILIPINO FROM ONEROUS, UNREASONABLE, AND UNCONSCIONABLE DEBT OR OBLIGATION, REPEALING FOR THE PURPOSE SECTION 31 (b) OF PRESIDENTIAL DECREE NO. 1177 AND SIMILAR LAWS, DECREES, EXECUTIVE AND ADMINISTRATIVE ORDERS, AND CIRCULARS
Text as filed (link)
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00164 |
| FULL TITLE : AN ACT DECLARING AS NATIONAL POLICY THE FREEDOM OF THE FILIPINO FROM ONEROUS, UNREASONABLE, AND UNCONSCIONABLE DEBT OR OBLIGATION, REPEALING FOR THE PURPOSE SECTION 31 (b) OF PRESIDENTIAL DECREE NO. 1177 AND SIMILAR LAWS, DECREES, EXECUTIVE AND ADMINISTRATIVE ORDERS, AND CIRCULARS |
| ABSTRACT : The Filipinos have suffered for long from the burdens of onerous, unreasonable and unconscionable debts and obligation which have eaten up as much as thirty to forty percent of the annual budget as a result of the automatic appropriation provision under Section 31 (b) of PD 1117 and other similar laws, decrees, executive and administrative orders or circulars. This bill seeks to free the Filipino from the burdens of onerous and unreasonable debts by repealing the automatic appropriation provision under PD 1117. |
| PRINCIPAL AUTHOR/S : JARAULA, CONSTANTINO G. |
| DATE FILED : 2004-07-01 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON REVISION OF LAWS ON 2004-07-27 |
Abstract
The Filipinos have suffered for long from the burdens of onerous, unreasonable and unconscionable debts and obligation which have eaten up as much as thirty to forty percent of the annual budget as a result of the automatic appropriation provision under Section 31 (b) of PD 1117 and other similar laws, decrees, executive and administrative orders or circulars. This bill seeks to free the Filipino from the burdens of onerous and unreasonable debts by repealing the automatic appropriation provision under PD 1117.'
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.