Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 26 OF REPUBLIC ACT NO. 8282 OTHERWISE KNOWN AS THE SOCIAL SECURITY ACT OF 1997 INCREASING THE INVESTMENT FOR HOUSING PURPOSES AND SHORT AND MEDIUM TERM LOANS FROM THE INVESTMENT RESERVE FUND OF THE SYSTEM
Date filed
September 8, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB05076 |
| FULL TITLE : AN ACT AMENDING SECTION 26 OF REPUBLIC ACT NO. 8282 OTHERWISE KNOWN AS THE SOCIAL SECURITY ACT OF 1997 INCREASING THE INVESTMENT FOR HOUSING PURPOSES AND SHORT AND MEDIUM TERM LOANS FROM THE INVESTMENT RESERVE FUND OF THE SYSTEM |
| ABSTRACT : Proposes to increase the investment ceilling of the reserve fund of the Social Security System to 45% for housing and 15% for short and medium-term members' loans. |
| PRINCIPAL AUTHOR/S : ABANTE, BIENVENIDO JR. M. |
| DATE FILED : 2008-09-08 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Codilla (017 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2008-09-15 |
Abstract
Proposes to increase the investment ceilling of the reserve fund of the Social Security System to 45% for housing and 15% for short and medium-term members' loans.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.