Bill Type
Congress Name
Long Title
AN ACT AMENDING FURTHER REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Date filed
November 18, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB05542 |
| FULL TITLE : AN ACT AMENDING FURTHER REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES |
| ABSTRACT : Provides for the establishment of a facility known as "bridge banking" that will allow the government to take over a failed bank, maintain its banking services for its customers, acquire assets and assume its liabilities until a final resolution is reached. |
| PRINCIPAL AUTHOR/S : GATCHALIAN, REXLON T. |
| DATE FILED : 2008-11-18 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2009-02-04 |
| 2. Approved by the Committee on Appropriations on 2009-02-04 |
| MOTHER BILL: HB05911 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2008-11-24 |
Abstract
Provides for the establishment of a facility known as "bridge banking" that will allow the government to take over a failed bank, maintain its banking services for its customers, acquire assets and assume its liabilities until a final resolution is reached.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.