Bill Type
Congress Name
Long Title
AN ACT REQUIRING ALL BANKING, FINANCIAL AND CREDIT INSTITUTIONS TO ALLOCATE AT LEAST 60% OF THEIR LOANABLE FUNDS DERIVED FROM DOMESTIC SOURCES TO FILIPINO CITIZENS OR CORPORATIONS AT LEAST 60% OF THEIR CAPITAL STOCKS ARE OWNED BY FILIPINO CITIZENSANACT REQUIRING ALL BANKING, FINANCIAL AND CREDIT INSTITUTIONS TO ALLOCATE AT LEAST 60% OF THEIR LOANABLE FUNDS DERIVED FROM DOMESTIC SOURCES TO FILIPINO CITIZENS OR CORPORATIONS AT LEAST 60% OF THEIR CAPITAL STOCKS ARE OWNED BY FILIPINO CITIZENS
Date filed
October 13, 1988
Scope
Urgent Bill
No
Administration Bill
No
Legislative History
| House Bill/Resolution NO. HB19418 |
| FULL TITLE : AN ACT REQUIRING ALL BANKING, FINANCIAL AND CREDIT INSTITUTIONS TO ALLOCATE AT LEAST 60% OF THEIR LOANABLE FUNDS DERIVED FROM DOMESTIC SOURCES TO FILIPINO CITIZENS OR CORPORATIONS AT LEAST 60% OF THEIR CAPITAL STOCKS ARE OWNED BY FILIPINO CITIZENSANACT REQUIRING ALL BANKING, FINANCIAL AND CREDIT INSTITUTIONS TO ALLOCATE AT LEAST 60% OF THEIR LOANABLE FUNDS DERIVED FROM DOMESTIC SOURCES TO FILIPINO CITIZENS OR CORPORATIONS AT LEAST 60% OF THEIR CAPITAL STOCKS ARE OWNED BY FILIPINO CITIZENS |
| PRINCIPAL AUTHOR/S : VERANO-YAP, LORNA |
| DATE FILED : 1988-10-13 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. Monfort |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND CURRENCIES ON 1988-10-19 |
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.