Bill Type
Long Title
AN ACT PROVIDING FOR A CEILING ON ALL PUBLIC DEBTS OF THE REPUBLIC OF THE PHILIPPINES AND FOR OTHER PURPOSES
Date filed
July 27, 2004
Scope

Legislative History

House Bill/Resolution NO. HB01721
FULL TITLE : AN ACT PROVIDING FOR A CEILING ON ALL PUBLIC DEBTS OF THE REPUBLIC OF THE PHILIPPINES AND FOR OTHER PURPOSES
SHORT TITLE : Public Debt Ceiling Act
ABSTRACT : "Public Debt Ceiling Act." The bill proposes to set a ceiling on the total public debt of the country at US$1.2 trillion which may not be exceeded except with the concurrence of two-thirds of all members of Congress voting separately.
PRINCIPAL AUTHOR/S : EULOGIO "AMANG" R. MAGSAYSAY, Ph.D.
DATE FILED : 2004-07-27
SIGNIFICANCE: NATIONAL
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2004-08-04

Abstract

"Public Debt Ceiling Act." The bill proposes to set a ceiling on the total public debt of the country at US$1.2 trillion which may not be exceeded except with the concurrence of two-thirds of all members of Congress voting separately.

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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.