Bill Type
Congress Name
Long Title
THE SECURITIZATION ACT OF 2001
Date filed
August 28, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 2733, 12th Congress of the Republic |
| FULL TITLE : THE SECURITIZATION ACT OF 2001 |
| ABSTRACT : The proposed bill seeks to rationalize the tax, legal and regulatory regime governing asset-backed securities. A well-developed and functioning securitization market will provide the government with an alternative means of generating revenues, equipthe private sector with other options to raise fresh capital and diversity rick. More importantly, the development of an active and liquid market for mortgage-backed securities would make home mortgages more affordable and accessible. |
| PRINCIPAL AUTHOR/S : TORRES, RUBEN D. |
| DATE FILED : 2001-08-28 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. Lopez |
| CO-AUTHORS (Journal Entries) : |
| 1. Lacson (024 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITTEE ACTION: jt. ref'ls as per J.25;p. 6(dtd. Oct. 3,2001);jt . ref'ls as per J.39; p.17 |
| MOTHER BILL: House Bill No. 4453, 12th Congress of the Republic |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-09-04 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS, HOUSING AND URBAN DEVELOPMENT |
Abstract
The proposed bill seeks to rationalize the tax, legal and regulatory regime governing asset-backed securities. A well-developed and functioning securitization market will provide the government with an alternative means of generating revenues, equipthe private sector with other options to raise fresh capital and diversity rick. More importantly, the development of an active and liquid market for mortgage-backed securities would make home mortgages more affordable and accessible.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.