Bill Type
Congress Name
Long Title
AN ACT FURTHER AMENDING REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION, AND FOR OTHER PURPOSES
Date filed
May 12, 2003
Scope
Legislative History
| House Bill/Resolution NO. House Bill No. 6003, 12th Congress of the Republic | |
| REPUBLIC ACT NO. RA09302 | |
| FULL TITLE : AN ACT FURTHER AMENDING REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION, AND FOR OTHER PURPOSES | |
| SHORT TITLE : Further Amending the Philippine Deposit Insurance Corporation Charter | |
| ABSTRACT : Amendments to the PDIC (Philippine Deposit Insurance Corporation) charter is proposed in the bill, to wit: >>a) it increases the insured deposit coverage amount from PhP 100,000 to PhP 400,000; >>b) it provides for a permanent and continuing insurance coverage for banks that continue to operate or receive deposits; >>c) it clarifies the status of joint accounts; >>d) it mandates the PDIC to conduct a periodic study on the factors affecting insurability of deposits and the need to adjust the amount of insurance coverage. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2003-05-12 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Badelles | 2. Pichay |
| 3. Hizon | 4. Monfort |
| 5. Baculio | 6. Sy-alvarado |
| 7. Ledesma | 8. Angara-castillo |
| 9. Espinosa | 10. Teves |
| 11. Failon | 12. Aquino |
| 13. Locsin | 14. Enrile |
| 15. Lacson | 16. Zialcita |
| 17. Bueser | 18. Escudero |
| 19. Gonzales | 20. Lopez |
| 21. Lopez | 22. Marcos |
| 23. Moreno | 24. Roman |
| 25. Teodoro | 26. Yumul-hermida |
| 27. Plaza | 28. Villanueva |
| 29. Espina | 30. Violago |
| 31. Nicolas | 32. Uy |
| 33. Defensor | 34. Ablan |
| 35. | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Amin (077 ) | 2. Codilla (077 ) |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02730 | |
| URGENT SENATE BILL? Yes | |
| DATE CERTIFIED AS URGENT HOUSE BILL: 2004-01-13 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 01455 | |
| SUBMITTED ON 2003-05-12 | |
| SUBMITTED BY: BANKS AND FINANCIAL INTERMEDIARIES | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: House Bill No. 255, 12th Congress of the Republic, House Bill No. 1365, 12th Congress of the Republic, House Bill No. 3851, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2003-05-20 | |
| DATE INCLUDED IN OB: 2003-05-20 | |
| DATE CALENDARED : 2003-06-02 | |
| SECOND READING INFORMATION | |
| DATE APPROVED ON SECOND READING : 2004-01-13 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2004-01-14 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2004-01-19 | |
| HOUSE VOTES: YEAS:118 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2004-01-20 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2004-01-21 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2004-01-26 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2004-01-26 | |
| REMARKS : Senate approved the Conference Committee Report on Feb. 05, 2004. However, on June 11, 2004, it reconsidered its approval and approved the amended version of the CCR. | |
| CONCOM MEMBERS(HOUSE) : Lopez, Baculio, Uy, Bersamin, Puentebella, Lapus, Gatchalian, Lacson, Angping, Padilla, Suplico, Villar, Remulla, Failon | |
| CONCOM MEMBERS(SENATE) : , , , , | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2004-06-11 | |
| DATE SENATE APPROVED CONCOM REPORT : 2004-06-11 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2004-06-30 | |
| DATE ACTED UPON BY THE PRESIDENT : 2004-07-27 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA09302 | |
| ORIGIN : SENATE | |
| REPUBLIC ACT TITLE: AN ACT AMENDING REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE 'CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION' AND FOR OTHER PURPOSES |
Abstract
Amendments to the PDIC (Philippine Deposit Insurance Corporation) charter is proposed in the bill, to wit: >>a) it increases the insured deposit coverage amount from PhP 100,000 to PhP 400,000; >>b) it provides for a permanent and continuing insurance coverage for banks that continue to operate or receive deposits; >>c) it clarifies the status of joint accounts; >>d) it mandates the PDIC to conduct a periodic study on the factors affecting insurability of deposits and the need to adjust the amount of insurance coverage.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.