Bill Type
Congress Name
Long Title
AN ACT FURTHER STRENGTHENING THE BANKING SYSTEM, INCREASING FINES AND IMPOSING ADDITIONAL SANCTIONS FOR VIOLATIONS OF BANKING LAWS, EXEMPTING BANGKO SENTRAL FROM COMPENSATION AND POSITION CLASSIFICATION LAWS, AMENDING FOR THE PURPOSE REPUBLIC ACT NUMBERED SEVENTY-SIX HUNDRED AND FIFTY-THREE, OTHERWISE KNOWN AS `THE NEW CENTRAL BANK ACT', AND FOR OTHER PURPOSES
Date filed
August 1, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1833, 12th Congress of the Republic | |
| FULL TITLE : AN ACT FURTHER STRENGTHENING THE BANKING SYSTEM, INCREASING FINES AND IMPOSING ADDITIONAL SANCTIONS FOR VIOLATIONS OF BANKING LAWS, EXEMPTING BANGKO SENTRAL FROM COMPENSATION AND POSITION CLASSIFICATION LAWS, AMENDING FOR THE PURPOSE REPUBLIC ACT NUMBERED SEVENTY-SIX HUNDRED AND FIFTY-THREE, OTHERWISE KNOWN AS `THE NEW CENTRAL BANK ACT', AND FOR OTHER PURPOSES | |
| ABSTRACT : Significant provisions of this bill areas follows: (1) INCREASED fines for violation of banking laws from [P30,000.00] to P300,000.00 per banking day for each violation; and (2) establishment of a COMPENSATION PLAN for Bangko Sentral personnel. | |
| PRINCIPAL AUTHOR/S : LOPEZ, JAIME C. | |
| DATE FILED : 2001-08-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. De Venecia | 2. Albano |
| CO-AUTHORS (Journal Entries) : | |
| 1. Villarama (013 ) | 2. Del Mar (017 ) |
| 3. Jaraula (017 ) | 4. Badelles (022 ) |
| 5. Zialcita (029 ) | 6. Villanueva (079 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: jt. ref'ls as per J.17; p.15(Aug. 28,2001);a s pr J.18;p.19( Aug.29,200 1) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-08-07 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS, JUSTICE, APPROPRIATIONS |
Abstract
Significant provisions of this bill areas follows: (1) INCREASED fines for violation of banking laws from [P30,000.00] to P300,000.00 per banking day for each violation; and (2) establishment of a COMPENSATION PLAN for Bangko Sentral personnel.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.