Bill Type
Short Title
CREDIT SURETY FUND COOPERATIVE ACT
Text as Filed (File)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
20
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Committee Details
House Committee Report link
Floor Activity
Floor Activity
Date Parliamentary status Senator(s) 11/26/2015 Sponsorship Speech on the Conference Committee Report Aquino IV, Paolo Benigno "Bam"
Legislative History
| House Bill/Resolution NO. HB06007 | |
| REPUBLIC ACT NO. RA10744 | |
| FULL TITLE : AN ACT PROVIDING FOR THE CREATION AND ORGANIZATION OF CREDIT SURETY FUND COOPERATIVES TO MANAGE AND ADMINISTER CREDIT SURETY FUNDS TO ENHANCE THE ACCESSIBILITY OF MICRO, SMALL AND MEDIUM ENTREPRENEURS, COOPERATIVES AND NON-GOVERNMENT ORGANIZATIONS TO THE CREDIT FACILITY OF BANKS | |
| SHORT TITLE : Creation And Organization Of Credit Surety Fund Cooperatives To Manage And Administer Credit Surety Funds To Enhance The Accessibility Of Micro, Small And Medium Entrepreneurs, Cooperatives And Non - Government Organizations To The Credit Facility Of Banks | |
| ALIAS NAME : Credit Surety Fund Cooperative Act | |
| PRINCIPAL AUTHOR/S : PAEZ, CRESENTE C., BRAVO, ANTHONY M. | |
| DATE FILED : 2015-08-11 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Economic | |
| CO-AUTHORS : | |
| 1. Collantes | 2. Pagdilao |
| 3. Cortuna | 4. Dela Cruz |
| 5. Tambunting | 6. Gatchalian (W.) |
| 7. Rodriguez (R.) | 8. Co |
| 9. Tejada | 10. Geron |
| 11. Batocabe | 12. Villarica |
| CO-AUTHORS (Journal Entries) : | |
| 1. Primicias-Agabas (013 2015-08-25) | |
| AUTHORS(Final/Third Reading) : | |
| 1. Paez | 2. Bravo (A.) |
| 3. Collantes | 4. Pagdilao |
| 5. Cortuna | 6. Dela Cruz |
| 7. Tambunting | 8. Gatchalian (W.) |
| 9. Rodriguez (R.) | 10. Co |
| 11. Tejada | 12. Geron |
| 13. Batocabe | 14. Villarica |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02909 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00827 | |
| SUBMITTED ON 2015-08-11 | |
| SUBMITTED BY: BANKS AND FINANCIAL INTERMEDIARIES | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB00278 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2015-08-17 | |
| DATE INCLUDED IN OB: 2015-08-17 | |
| DATE CALENDARED : 2015-08-25 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2015-08-25 | |
| SPONSORED BY : Paez | |
| FINAL LIST OF AUTHORS : Paez, Bravo (A.), Collantes, Pagdilao, Cortuna, Dela Cruz, Tambunting, Gatchalian (W.), Rodriguez (R.), Co, Tejada, Geron, Batocabe, Villarica | |
| DATE APPROVED ON SECOND READING : 2015-08-25 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2015-08-26 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2015-09-01 | |
| HOUSE VOTES: YEAS:196 NAYS:0 ABSTAIN:.0 | |
| Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A) | |
| Y---Abad | Y---Abaya |
| Y---Abayon | Y---Abellanosa |
| Y---Abu | Y---Abueg |
| Y---Acedillo | Y---Acharon |
| Y---Acop | X---Acosta-Alba |
| B---Adiong--(Absent) | Y---Advincula |
| B---Agarao--(Absent) | B---Aggabao--(Absent) |
| B---Aglipay--(Absent) | Y---Agyao |
| Y---Albano | Y---Alcala |
| Y---Alejano | B---Aliping--(Absent) |
| B---Almario--(Absent) | Y---Almonte |
| Y---Alvarez (F.) | B---Alvarez (M.)--(Absent) |
| B---Amante--(Absent) | B---Amatong (I.)--(Absent) |
| X---Amatong (R.) | Y---Andaya |
| Y---Angara-Castillo | B---Angping--(Absent) |
| B---Antonino-Nadres--(Absent) | X---Antonio |
| Y---Apostol | Y---Aragones |
| Y---Arbison | Y---Arenas |
| Y---Arnaiz | B---Arroyo--(Absent) |
| X---Asilo | Y---Atienza |
| B---Aumentado--(Absent) | B---Bag-ao--(Absent) |
| Y---Bagatsing | B---Baguilat--(Absent) |
| B---Balindong--(Absent) | Y---Banal |
| Y---Barcelona-Reyes | Y---Barzaga |
| Y---Bataoil | B---Batocabe--(Absent) |
| B---Bautista--(Absent) | Y---Bello (S.) |
| D---Bello (W.)--(N/A) | Y---Belmonte (F.) |
| Y---Belmonte (J.) | B---Belmonte (V.)--(Absent) |
| X---Benitez | B---Bernos--(Absent) |
| Y---Biazon | Y---Bichara |
| Y---Binay | B---Biron--(Absent) |
| Y---Bondoc | B---Bonoan--(Absent) |
| X---Bravo (A.) | Y---Bravo (M.) |
| Y---Briones | X---Bulut-Begtang |
| Y---Cabilao | X---Cagas |
| B---Calalay--(Absent) | Y---Calixto-Rubiano |
| Y---Caminero | Y---Cari |
| Y---Castelo | Y---Castro |
| Y---Catamco | X---Cayetano |
| Y---Celeste | Y---Cerafica |
| Y---Chipeco | Y---Co |
| D---Cojuangco (E.)--(N/A) | B---Cojuangco (K.)--(Absent) |
| B---Collantes--(Absent) | X---Colmenares |
| Y---Cortuna | B---Cosalan--(Absent) |
| X---Cruz-Gonzales | Y---Cua |
| Y---Cueva | Y---Dalog |
| B---Dayanghirang--(Absent) | Y---De Jesus |
| Y---Dela Cruz | Y---De Venecia |
| X---Defensor | Y---Del Mar |
| B---Del Rosario (A.G.)--(Absent) | Y---Del Rosario (A.A.) |
| Y---Deloso-Montalla | B---Dimaporo (A.)--(Absent) |
| B---Dimaporo (I.)--(Absent) | B---Duavit--(Absent) |
| Y---Durano | Y---Dy |
| X---Echiverri | X---Cerilles |
| Y---Enverga | Y---Erice |
| Y---Eriguel | Y---Ermita-Buhain |
| Y---Escudero | Y---Espina |
| Y---Estrella | Y---Evardone |
| Y---Fariñas | Y---Fernandez |
| X---Ferrer (J.) | B---Ferrer (L.)--(Absent) |
| B---Ferriol--(Absent) | Y---Flores |
| Y---Fortun | Y---Fortuno |
| Y---Fuentebella | B---Garay--(Absent) |
| Y---Garcia (E.) | Y---Garcia (G.) |
| B---Garcia-Albano--(Absent) | Y---Garin (O.) |
| Y---Garin (S.) | Y---Gatchalian (S.) |
| Y---Gatchalian (W.) | Y---Geron |
| Y---Go (A.C.) | Y---Go (A.F.) |
| Y---Gomez | Y---Gonzales |
| Y---Gonzalez | B---Gorriceta--(Absent) |
| Y---Guanlao | Y---Guiao |
| X---Gullas | Y---Gunigundo |
| Y---Gutierrez | B---Hagedorn--(Absent) |
| B---Haresco--(Absent) | Y---Hataman-Salliman |
| Y---Hernandez | Y---Hicap |
| Y---Hofer | Y---Ilagan |
| Y---Iway | B---Jalosjos--(Absent) |
| X---Javier | Y---Katoh |
| Y---Kho | Y---Khonghun |
| Y---Labadlabad | Y---Lacson-Noel |
| Y---Lagdameo (A.) | Y---Lagdameo (M.) |
| B---Lagman--(Absent) | Y---Lanete |
| B---Leachon--(Absent) | B---Ledesma--(Absent) |
| B---Lee--(Absent) | B---Leonardia--(Absent) |
| Y---Leonen-Pizarro | Y---Lobregat |
| Y---Loong | B---Lopez (C.)--(Absent) |
| X---Lopez (C.J.) | Y---Loyola |
| B---Macapagal-Arroyo--(Absent) | Y---Madrona |
| Y---Magsaysay | Y---Manalo |
| Y---Mangudadatu | Y---Marcos |
| Y---Masongsong | B---Matugas--(Absent) |
| Y---Mellana | Y---Mendoza (J.) |
| Y---Mendoza (M.) | X---Mendoza (R.) |
| B---Mercado--(Absent) | Y---Mirasol |
| Y---Montejo | Y---Nava (J.) |
| Y---Nava (P.) | Y---Noel |
| Y---Nograles | B---Macrohon-Nuño--(Absent) |
| Y---Oaminal | X---Ocampo |
| Y---Olivarez | Y---Ong |
| Y---Ortega (F.) | Y---Ortega (V.) |
| B---Pacquiao--(Absent) | Y---Padilla |
| Y---Paduano | Y---Paez |
| Y---Pagdilao | Y---Pancho |
| X---Panganiban | X---Panotes |
| Y---Pernes | Y---Piamonte |
| B---Pichay--(Absent) | X---Plaza |
| X---Ponce Enrile | Y---Primicias-Agabas |
| X---Puno | Y---Quimbo |
| X---Quisumbing | X---Radaza |
| Y---Ramos | Y---Relampagos |
| Y---Revilla | Y---Mercado-Revilla |
| Y---Reyes | Y---Ridon |
| Y---Rivera | B---Robes--(Absent) |
| Y---Gerona-Robredo | Y---Rodriguez (I.) |
| Y---Rodriguez (M.) | Y---Rodriguez (O.) |
| Y---Rodriguez (R.) | Y---Roman |
| Y---Romarate | B---Romualdez--(Absent) |
| Y---Romualdo | Y---Romulo |
| B---Roque--(Absent) | Y---Sacdalan |
| X---Sahali | Y---Sakaluran |
| Y---Salimbangon | B---Salvacion--(Absent) |
| Y---Paquiz | Y---Santiago |
| Y---Sarmiento (C.) | Y---Sarmiento (M.) |
| Y---Ramirez-Sato | Y---Sema |
| Y---Señeres | Y---Singson (E.) |
| B---Singson (R.)--(Absent) | Y---Suansing |
| Y---Suarez | Y---Sy-Alvarado |
| Y---Tambunting | B---Tan (A.)--(Absent) |
| Y---Tan (M.) | B---Tejada--(Absent) |
| X---Teodoro | Y---Teves |
| Y---Tiangco | Y---Tieng |
| Y---Ting | Y---Tinio |
| Y---Tolentino | Y---Treñas |
| Y---Tugna | Y---Tupas |
| Y---Turabin-Hataman | Y---Ty |
| X---Umali (C.) | Y---Umali (R.) |
| Y---Unabia | Y---Ungab |
| Y---Uy (J.) | Y---Uy (R.) |
| Y---Vargas | Y---Vargas-Alfonso |
| Y---Velarde | D---Velasco, L.A.--(N/A) |
| X---Velasco, L. | Y---Villanueva |
| B---Villar--(Absent) | Y---Villarica |
| Y---Violago | X---Yap (A.) |
| X---Yap (S.) | Y---Yu |
| Y---Zamora (M.) | Y---Zamora (R.) |
| B---Zarate--(Absent) | Y---Zubiri |
| DATE TRANSMITTED TO THE SENATE: 2015-09-07 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2015-09-07 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2015-10-07 | |
| CONFERENCE COMMITTEEE REQUESTED BY : SENATE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2015-10-08 | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Collantes, Paez, Guanlao, Noel, Paquiz | |
| CONCOM MEMBERS(SENATE) : Aquino (B.), Angara (E.), Pimentel, Guingona, Ejercito (J.) | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2015-12-02 | |
| DATE SENATE APPROVED CONCOM REPORT : 2015-11-26 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2016-01-06 | |
| DATE ACTED UPON BY THE PRESIDENT : 2016-02-06 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : L | |
| REPUBLIC ACT NO.: RA10744 | |
| ORIGIN : SENATE | |
| REPUBLIC ACT TITLE: AN ACT PROVIDING FOR THE CREATION AND ORGANIZATION OF CREDIT SURETY FUND COOPERATIVES TO MANAGE AND ADMINISTER CREDIT SURETY FUNDS TO ENHANCE THE ACCESSIBILITY OF MICRO, SMALL AND MEDIUM ENTERPRISES, COOPERATIVES AND NONGOVERNMENT ORGANIZATIONS TO THE CREDIT FACILITY OF BANKS AND FOR OTHER PURPOSES |
Senate Legislative History
Entitled: AN ACT PROVIDING FOR THE CREATION AND ORGANIZATION OF CREDIT SURETY FUND COOPERATIVES TO MANAGE AND ADMINISTER CREDIT SURETY FUNDS TO ENHANCE THE ACCESSIBILITY OF MICRO, SMALL AND MEDIUM ENTREPRENEURS, COOPERATIVES AND NONGOVERNMENT ORGANIZATIONS TO THE CREDIT FACILITIES OF BANKS [ THIRD REGULAR SESSION, 16TH CONGRESS ] [ 2015 ] Introduced by Representatives CRESENTE C. PAEZ, ANTHONY M., PH.D. BRAVO, SONNY P. COLLANTES, SAMUEL D. PAGDILAO, JULIETA R. CORTUNA, et. al.; Approved on Third Reading by the House of Representatives on September 1, 2015; 9/7/2015 Sent to the Senate requesting for concurrence; 9/9/2015 Read on First Reading and Referred to the Committee(s) on TRADE, COMMERCE AND ENTREPRENEURSHIP; and BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES; 10/7/2015 Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-2909 and HBN-6007, and designated Senators Aquino IV, Angara, Pimentel III, Guingona III, and JV Ejercito as its conferees to the Bicameral Conference Committee;(Transmittal letter sent to the House of Representatives on October 12, 2015); 11/4/2015 House of Representatives designated Representatives Collantes, Paez, Guanlao, Noel and Paquiz as its conferees to the Bicameral Conference Committee on the disagreeing provisions of HBN-6007 and SBN-2909 on October 8, 2015; 11/26/2015 Conference Committee Report on the disagreeing provisions of SBN-2909 and HBN-6007, submitted to the Senate, recommending that SBN-2909, in consolidation with HBN-6007, be approved as reconciled; 11/26/2015 Sponsorship speech on the Conference Committee Report of Senator PAOLO BENIGNO "BAM" AQUINO IV; 11/26/2015 Conference Committee Report Approved by the Senate;(Transmittal letter sent to the House of Representatives on December 7, 2015); 12/8/2015 Conference Committee Report Approved by the House of Representatives on December 2, 2015; 12/22/2015 Enrolled copies of the consolidated version of SBN-2909 and HBN-6007, sent to the House of Representatives for the signature of the Speaker and the Secretary General; [ 2016 ] 1/4/2016 Enrolled copies of the consolidated version of SBN-2909 and HBN-6007, received by the Senate, which were signed by the Speaker and the Secretary General of the House of Representatives on December 23, 2015; 1/6/2016 Enrolled copies of the consolidated version of SBN-2909 and HBN-6007, sent to the Office of the President of the Philippines, through PLLO, for the signature and approval of His Excellency, President Benigno S. Aquino III; FINAL TITLE: AN ACT PROVIDING FOR THE CREATION AND ORGANIZATION OF CREDIT SURETY FUND COOPERATIVES TO MANAGE AND ADMINISTER CREDIT SURETY FUNDS TO ENHANCE THE ACCESSIBILITY OF MICRO, SMALL AND MEDIUM ENTREPRISES, COOPERATIVES AND NONGOVERNMENT ORGANIZATIONS TO THE CREDIT FACILITY OF BANKS AND FOR OTHER PURPOSES 5/30/2016 Consolidated with SBN-2909, which was enacted into law without Executive Approval Pursuant to the provisions of Section 27(1), Article VI of the Constitution on February 6, 2016 and became; 5/30/2016 REPUBLIC ACT NO. 10744. (Pursuant to paragraph g, Sec. 7, Rule V of the Rules of the Senate, R.A.No. 10744 (SBN-2909/HBN-6007) with the pertinent documents transmitted to the Legislative Records and Archives Service for safekeeping and preservation on March 16, 2016) (Prepared by the Indexing, Monitoring and LIS Section, Legislative Bills and Index Service)
Law PDF
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.