Bill Type
Congress Name
Long Title
AN ACT ALLOWING MEMBERS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM (GSIS) AND THE SOCIAL SECURITY SYSTEM (SSS) TO BORROW MONEY FROM THE SYSTEM UP TO SEVENTY-FIVE PERCENT (75%) OF THEIR RETIREMENT FUND FOR BUSINESS PURPOSES
Date filed
September 18, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB03805 | |
| FULL TITLE : AN ACT ALLOWING MEMBERS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM (GSIS) AND THE SOCIAL SECURITY SYSTEM (SSS) TO BORROW MONEY FROM THE SYSTEM UP TO SEVENTY-FIVE PERCENT (75%) OF THEIR RETIREMENT FUND FOR BUSINESS PURPOSES | |
| ABSTRACT : Applies to those who have been mebers of the System for at least seven (7) years. Requires the borrower to submit a feasibility study of the proposed business. | |
| PRINCIPAL AUTHOR/S : ESPINA, GERARDO S. | |
| DATE FILED : 1998-09-18 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 1998-09-30 |
Abstract
Applies to those who have been mebers of the System for at least seven (7) years. Requires the borrower to submit a feasibility study of the proposed business.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.