Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NUMBERED SEVENTY-SIX HUNDRED AND FIFTY-THREE, ENTITLED `THE NEW CENTRAL BANK ACT'
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 389, 12th Congress of the Republic |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NUMBERED SEVENTY-SIX HUNDRED AND FIFTY-THREE, ENTITLED `THE NEW CENTRAL BANK ACT' |
| ABSTRACT : The key provisions of this bill include: (1) the removal of the five-year time limit on the Bangko Sentral's tax exemption; (2) the granting of authority to the MOnetary Baord (MB) to provide a compensation structure based on job evaluation studiesand wage surveys, but not lower than those of any other government financial institutions;an d (3) the clarification that financial derivatives are subject to the regulation of the MB. |
| PRINCIPAL AUTHOR/S : SALCEDA, JOEY SARTE |
| DATE FILED : 2001-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. Zialcita |
| CO-AUTHORS (Journal Entries) : |
| 1. Syjuco (041 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-07-24 |
Abstract
"The key provisions of this bill include: (1) the removal of the five-year time limit on the Bangko Sentral's tax exemption; (2) the granting of authority to the MOnetary Baord (MB) to provide a compensation structure based on job evaluation studiesand wage surveys, but not lower than those of any other government financial institutions;an d (3) the clarification that financial derivatives are subject to the regulation of the MB."
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.