Bill Type
Short Title
PHILIPPINE DEPOSIT INSURANCE CORPORATION
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
60
Session Type
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Senate Legis Intranet Link
Floor Activity
Floor Activity
Date Parliamentary status Senator(s) 3/5/2009 Sponsorship Speech on the Conference Committee Report Angara, Edgardo J.
Legislative History
| House Bill/Resolution NO. HB05911 | |
| REPUBLIC ACT NO. RA09576 | |
| FULL TITLE : AN ACT INCREASING THE MAXIMUM DEPOSIT INSURANCE COVERAGE FROM P250,000 TO P500,000 PER DEPOSITOR AND STRENGTHENING THE FINANCIAL CAPABILITY OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC), AMENDING FOR THIS PURPOSE REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE PDIC CHARTER | |
| SHORT TITLE : Increasing The Maximum Deposit Insurance Coverage From P250,000 To P500,000 Per Depositor And Strengthening The Financial Capability Of The Philippine Deposit Insurance Corporation ( Pdic) | |
| ABSTRACT : Seeks to increase the maximum deposit insurance coverage by the Philippine Deposit Insurance Corporation (PDIC) from P250,00 to P500,000 per depositor and strengthen the financial capability of PDIC by providing tax exemption privileges. | |
| PRINCIPAL AUTHOR/S : NOGRALES, PROSPERO C. | |
| DATE FILED : 2009-02-10 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Lopez (J.) | 2. Gatchalian |
| 3. Violago | 4. Chavez |
| 5. Sy-Alvarado | 6. Lacson |
| 7. Diaz | 8. Javier |
| 9. Bichara | 10. Romualdez |
| 11. Villafuerte | 12. Abaya |
| 13. Aggabao | 14. Alfelor |
| 15. Angping | 16. Apostol |
| 17. Arroyo (I.) | 18. Binay |
| 19. Cagas (M.) | 20. Chipeco |
| 21. Codilla | 22. Cua (G.) |
| 23. Daza (P.) | 24. Defensor (M.) |
| 25. Dimaporo | 26. Duavit |
| 27. Durano | 28. Garay |
| 29. Gonzales (A.) | 30. Guingona |
| 31. Ilagan | 32. Lapus |
| 33. Limkaichong | 34. Locsin |
| 35. Magsaysay | 36. Noel |
| 37. Plaza | 38. Ponce-Enrile |
| 39. Puentevella | 40. Romarate |
| 41. Romulo | 42. Suarez |
| 43. Ungab | 44. Uy (R.A.) |
| 45. Valencia | 46. Rodriguez |
| 47. Vinzons-Chato | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Villarosa (056 ) | 2. Silverio (058 ) |
| 3. Climaco (062 ) | 4. Lazatin (064 ) |
| AUTHORS(Final/Third Reading) : | |
| 1. Romualdo | 2. Teodoro |
| 3. Santiago (N.) | 4. Gonzales (N.) |
| 5. De Guzman | 6. Agbayani |
| 7. Velarde | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02964 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 01756 | |
| SUBMITTED ON 2009-02-10 | |
| SUBMITTED BY: BANKS AND FINANCIAL INTERMEDIARIES | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB05315, HB05348, HB05486, HB05520, HB05542 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2009-02-10 | |
| DATE INCLUDED IN OB: 2009-02-10 | |
| DATE CALENDARED : 2009-02-11 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2009-02-11 | |
| SPONSORED BY : Lopez (J.) | |
| PERIOD OF INTERPELLATIONS : 2009-02-24 | |
| INTERPELLATED BY : Zamora (R.), Alfelor, Casiño, Joson, Rodriguez | |
| PERIOD OF INDIVIDUAL AMENDMENTS : 2009-02-24 | |
| AMENDED BY : Joson, Rodriguez | |
| FINAL LIST OF AUTHORS : Romualdo, Teodoro, Santiago (N.), Gonzales (N.), De Guzman, Agbayani, Velarde | |
| DATE APPROVED ON SECOND READING : 2009-02-24 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2009-02-25 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2009-03-02 | |
| HOUSE VOTES: YEAS:169 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2009-03-04 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2009-03-04 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2009-03-02 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2009-03-02 | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Lopez (J.), Cua (J.), Javier, Villafuerte, Romualdez, Locsin, Zamora (R.), Golez, Rodriguez | |
| CONCOM MEMBERS(SENATE) : Angara, Legarda, Gordon, Cayetano (A.), Pangilinan | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2009-03-04 | |
| DATE SENATE APPROVED CONCOM REPORT : 2009-03-05 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2009-03-30 | |
| DATE ACTED UPON BY THE PRESIDENT : 2009-04-29 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA09576 | |
| ORIGIN : SENATE | |
| REPUBLIC ACT TITLE: AN ACT INCREASING THE MAXIMUM DEPOSIT INSURANCE COVERAGE, AND IN CONNECTION THEREWITH, TO STRENGTHEN THE REGULATORY AND ADMINISTRATIVE AUTHORITY, AND FINANCIAL CAPABILITY OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC), AMENDING FOR THIS PURPOSE REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE PDIC CHARTER, AND FOR OTHER PURPOSES |
Abstract
Seeks to increase the maximum deposit insurance coverage by the Philippine Deposit Insurance Corporation (PDIC) from P250,00 to P500,000 per depositor and strengthen the financial capability of PDIC by providing tax exemption privileges.
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.