Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT PROVIDING FOR FURTHER OPTIONS FOR COMPLIANCE WITH SECTION 7 OF REPUBLIC ACT NO. 10000, OTHERWISE KNOWN AS THE "AGRI-AGRA REFORM CREDIT ACT OF 2009"
Text as filed (link)
Date filed
March 2, 2017
Scope
Legislative History
| House Bill/Resolution NO. HB05181 |
| FULL TITLE : AN ACT PROVIDING FOR FURTHER OPTIONS FOR COMPLIANCE WITH SECTION 7 OF REPUBLIC ACT NO. 10000, OTHERWISE KNOWN AS THE "AGRI-AGRA REFORM CREDIT ACT OF 2009" |
| ABSTRACT : Seeks to provide for further alternative modes of compliance with the requirement of RA10000; Allows the direct lending to rural and cooperative banks and to farmers to strengthen countryside lending; Provides that the loans should be directed to borrowers that will use the money for initiatives that will also benefit the agriculture sector; Seeks to allow direct investments to accredited rural financial institutions (RFIs) as another alternative form of compliance. |
| PRINCIPAL AUTHOR/S : YAP, ARTHUR C. |
| DATE FILED : 2017-03-02 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON AGRICULTURE AND FOOD ON 2017-03-07 |
Abstract
Seeks to provide for further alternative modes of compliance with the requirement of RA10000; Allows the direct lending to rural and cooperative banks and to farmers to strengthen countryside lending; Provides that the loans should be directed to borrowers that will use the money for initiatives that will also benefit the agriculture sector; Seeks to allow direct investments to accredited rural financial institutions (RFIs) as another alternative form of compliance
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.