Bill Type
Short Title
CAPITAL MARKET DEVELOPMENT ACT
Text as Filed (File)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
69
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Committee Details
House Committee Report link
Legislative History
| House Bill/Resolution NO. HB09343 | |
| FULL TITLE : AN ACT EXPANDING THE CAPITAL MARKET BY DEVELOPING A ROBUST INSTITUTIONAL INVESTOR BASE, STRENGTHENING THE REGULATORY ENVIRONMENT, AND PROMOTING FINANCIAL LITERACY | |
| SHORT TITLE : Capital Market Development Act | |
| PRINCIPAL AUTHOR/S : CUA, JUNIE E., SALCEDA, JOEY SARTE, LACSON, VIRGILIO S., TIANGCO, JOHN REYNALD M., PADIERNOS, JOSE GAY G., GARIN, SHARON S., NOLASCO, RAMON JR. C., LUSOTAN, MACNELL, GONZALEZ, SANDRO L., SALVADOR-TAMBUNTING, JOY MYRA, NOGRALES, JERICHO JONAS B., TEJADA, JOSE "PING-PING" I., SINGSON-MEEHAN, KRISTINE, HERRERA-DY, BERNADETTE "BH", DAGOOC, SERGIO C., REYES, ALLAN BENEDICT S., BARBA, ANGELO MARCOS, HARESCO, TEODORICO JR. T., DELOSO-MONTALLA, CHERYL P., TAN, ANGELINA "HELEN" D.L. M.D., ROBES, FLORIDA "RIDA" P., EBCAS, ADRIANO A., SUANSING, ESTRELLITA B., SUANSING, HORACIO JR. P., BOLILIA, LIANDA B., VIOLAGO, MICAELA S., GERON, RICO B., DY, FAUSTINO MICHAEL CARLOS III T., ESPINO,JUMEL ANTHONY I., CRISOLOGO, ANTHONY PETER "ONYX" D., TAN, ALYSSA SHEENA P., ESTRELLA, CONRADO III M., ALONTE, MARLYN "LEN" B., ATIENZA, JOSE JR. L., RODRIGUEZ, RUFUS B., GORRICETA, MICHAEL B., SALIMBANGON, JANICE Z., GARCIA, JOSE ENRIQUE "JOET" III S., CHIPECO, JOAQUIN JR. M., BENITEZ, JOSE FRANCISCO "KIKO" B., QUIMBO, STELLA LUZ A., ARENAS, ROSE MARIE "BABY" J., TUPAS, RAUL C., GO, MARK O., NIETO, JOHN MARVIN "YUL SERVO" C., DEFENSOR, LORENZ R., SUNTAY, JESUS "BONG" C., LAGON, SONNY "SL" L., VILLAR, CAMILLE A., SAVELLANO, DEOGRACIAS VICTOR "DV" B., ONG, JOSE "JUN" JR. L., GARBIN, ALFREDO JR. A., AGABAS, TYRONE D., VERGARA, ROSANNA "RIA", ONG, RONNIE L., CANAMA, SABINIANO S., BASCUG, ALFEL M., CHATTO, EDGAR M., BARONDA, JULIENNE "JAM" L., BELMONTE, JOSE CHRISTOPHER Y., GO, ED CHRISTOPHER S., BAGATSING, CRISTAL L., MACAPAGAL ARROYO, JUAN MIGUEL, DE VENECIA, CHRISTOPHER V.P., LEGARDA, LOREN, GATCHALIAN, WESLIE T., REVILLA, STRIKE B., YU, DIVINA GRACE C., ESCUDERO, EVELINA G. | |
| DATE FILED : 2021-05-17 | |
| SIGNIFICANCE: NATIONAL | |
| AUTHORS(Final/Third Reading) : | |
| 1. Cua | 2. Salceda |
| 3. Lacson | 4. Tiangco |
| 5. Padiernos | 6. Garin (S.) |
| 7. Nolasco | 8. Lusotan |
| 9. Gonzalez | 10. Salvador-Tambunting |
| 11. Nograles (J.J.) | 12. Tejada |
| 13. Singson-Meehan | 14. Herrera-Dy |
| 15. Dagooc | 16. Reyes |
| 17. Barba | 18. Haresco |
| 19. Deloso-Montalla | 20. Tan (A.) |
| 21. Robes | 22. Ebcas |
| 23. Suansing (E.) | 24. Suansing (H.) |
| 25. Bolilia | 26. Violago |
| 27. Geron | 28. Dy (F.M.C.) |
| 29. Espino | 30. Crisologo |
| 31. Tan (A.S.) | 32. Estrella |
| 33. Alonte | 34. Atienza |
| 35. Rodriguez | 36. Gorriceta |
| 37. Salimbangon | 38. Garcia (J.E.) |
| 39. Chipeco | 40. Benitez |
| 41. Quimbo | 42. Arenas |
| 43. Tupas | 44. Go (M.) |
| 45. Nieto | 46. Defensor (L.) |
| 47. Suntay | 48. Lagon |
| 49. Villar | 50. Savellano |
| 51. Ong (J.) | 52. Garbin |
| 53. Agabas | 54. Vergara |
| 55. Ong (R.) | 56. Canama |
| 57. Bascug | 58. Chatto |
| 59. Baronda | 60. Belmonte |
| 61. Go (E.C.) | 62. Bagatsing |
| 63. Macapagal Arroyo | 64. De Venecia |
| 65. Legarda | 66. Gatchalian |
| 67. Revilla | 68. Yu |
| 69. Escudero | 70. Villarica |
| 71. Dalipe | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00959 | |
| SUBMITTED ON 2021-05-17 | |
| SUBMITTED BY: BANKS AND FINANCIAL INTERMEDIARIES, WAYS AND MEANS | |
| RECOMMENDATIONS: Recommending its approval in substitution of House Bill No. 8938 | |
| SUBSTITUTED BILLS: HB08938 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2021-05-17 | |
| DATE INCLUDED IN OB: 2021-05-17 | |
| DATE CALENDARED : 2021-05-18 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2021-05-19, 2021-05-26 | |
| SPONSORED BY : Cua;Salceda;Cua | |
| PERIOD OF INTERPELLATIONS : 2021-05-26 | |
| INTERPELLATED BY : Gaite, Castro (F.L.) | |
| DATE SPONSORSHIP/DEBATE CLOSED: 2021-05-26 | |
| FINAL LIST OF AUTHORS : Cua, Salceda, Lacson, Tiangco, Padiernos, Garin (S.), Nolasco, Lusotan, Gonzalez, Salvador-Tambunting, Nograles (J.J.), Tejada, Singson-Meehan, Herrera-Dy, Dagooc, Reyes, Barba, Haresco, Deloso-Montalla, Tan (A.), Robes, Ebcas, Suansing (E.), Suansing (H.), Bolilia, Violago, Geron, Dy (F.M.C.), Espino, Crisologo, Tan (A.S.), Estrella, Alonte, Atienza, Rodriguez, Gorriceta, Salimbangon, Garcia (J.E.), Chipeco, Benitez, Quimbo, Arenas, Tupas, Go (M.), Nieto, Defensor (L.), Suntay, Lagon, Villar, Savellano, Ong (J.), Garbin, Agabas, Vergara, Ong (R.), Canama, Bascug, Chatto, Baronda, Belmonte, Go (E.C.), Bagatsing, Macapagal Arroyo, De Venecia, Legarda, Gatchalian, Revilla, Yu, Escudero, Villarica, Dalipe | |
| DATE APPROVED ON SECOND READING : 2021-05-26 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2021-05-28 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2021-06-01 | |
| THIRD READING TITLE : AN ACT EXPANDING THE CAPITAL MARKET BY DEVELOPING A ROBUST INSTITUTIONAL INVESTOR BASE, STRENGTHENING THE REGULATORY ENVIRONMENT, AND PROMOTING FINANCIAL LITERACY | |
| HOUSE VOTES: YEAS:242 NAYS:6 ABSTAIN:.2 | |
| Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A) | |
| Y---Abante | Y---Abaya |
| Y---Abellanosa | Y---Abu |
| X---Abueg-Zaldivar | Y---Abunda |
| D---Acop--(N/A) | Y---Acosta |
| X---Acosta-Alba | Y---Adiong |
| Y---Advincula | Y---Agabas |
| Y---Agarao | Y---Aglipay |
| Y---Albano (A.) | D---Albano (R.)--(N/A) |
| Y---Vargas Alfonso | Y---Almario |
| Y---Alonte | Y---Alvarez (F.) |
| Y---Alvarez (G.) | X---Alvarez (P.) |
| Y---Amante-Matba | X---Amatong |
| D---Andaya--(N/A) | Y---Angara |
| Y---Aragones | Y---Arbison |
| Y---Arenas | Y---Macapagal Arroyo |
| Y---Arroyo | Y---Atienza |
| X---Aumentado | Y---Babasa |
| X---Bagatsing | Y---Bainto-Aguinaldo |
| Y---Balindong | X---Bañas-Nograles |
| Y---Barba | Y---Barbers |
| Y---Baronda | Y---Barzaga |
| Y---Bascug | Y---Bautista |
| Y---Bautista-Bandigan | Y---Belmonte |
| Y---Benitez | X---Bernos |
| Y---Biazon | Y---Billones |
| Y---Biron | Y---Bolilia |
| Y---Bondoc | Y---Bordado |
| Y---Bravo | N---Brosas |
| X---Bulut | Y---Bustos |
| A---Cabatbat | A---Cabochan |
| Y---Cabredo | Y---Cagas |
| Y---Calderon | Y---Calixto |
| Y---Caminero | Y---Campos |
| Y---Canama | Y---Caoagdan |
| X---Cardema | Y---Cari |
| Y---Castelo | N---Castro (F.L.) |
| Y---Castro (F.H.) | Y---Cayetano (A.P.) |
| Y---Cayetano (M.L.) | Y---Celeste |
| X---Chatto | Y---Chipeco |
| Y---Chungalao | Y---Co (A.N.) |
| Y---Co (E.) | X---Cojuangco |
| Y---Collantes | Y---Crisologo |
| Y---Cua | Y---Cuaresma |
| Y---Cueva | N---Cullamat |
| Y---Dagooc | Y---Dalipe |
| Y---Dalog | D---Datol--(N/A) |
| Y---Ruiz Daza | Y---De Jesus |
| Y---De Venecia | Y---Defensor (L.) |
| X---Defensor (M.) | D---Del Mar--(N/A) |
| Y---Delos Santos | Y---Deloso-Montalla |
| Y---Dimaporo (A.) | Y---Dimaporo (M.K.) |
| X---Duavit | Y---Dujali |
| Y---Duterte | Y---Dy (F.M.C.) |
| Y---Dy (F.) | Y---Dy (I.P.) |
| Y---Ebcas | Y---Ecleo |
| N---Elago | Y---Enverga |
| Y---Erice | Y---Eriguel |
| Y---Ermita-Buhain | Y---Escudero |
| Y---Espina | Y---Espino |
| Y---Estrella | Y---Fariñas (R.C.) |
| Y---Fariñas I (R.C.) | X---Fernandez |
| X---Fernando | Y---Ferrer (J.M.) |
| Y---Ferrer (L.) | X---Flores |
| D---Fongwan--(N/A) | Y---Fortun |
| Y---Fortuno | Y---Frasco |
| Y---Fuentebella | N---Gaite |
| Y---Garbin | Y---Garcia (J.E.) |
| Y---Garcia (P.J.) | Y---Garcia (V.) |
| Y---Garin (J.) | Y---Garin (S.) |
| Y---Gasataya | Y---Gatchalian |
| Y---Gato | Y---Geron |
| Y---Go (E.C.) | Y---Go (M.) |
| Y---Torres-Gomez | Y---Gonzaga |
| Y---Gonzales (A.) | Y---Gonzales (N.) |
| Y---Gonzalez | Y---Gorriceta |
| Y---Guico | Y---Gullas |
| Y---Guya | X---Haresco |
| X---Hataman | Y---Hernandez |
| X---Herrera-Dy | Y---Hofer |
| Y---Jalosjos | Y---Javier |
| Y---Jimenez | Y---Kho (E.) |
| X---Kho (W.) | X---Khonghun |
| Y---Labadlabad | Y---Lacson |
| Y---Lacson-Noel | Y---Lagman |
| Y---Lagon | Y---Lara |
| Y---Lazatin | X---Leachon |
| Y---Legarda | Y---Lim |
| Y---Limkaichong | Y---Lopez (M.L.) |
| Y---Loyola | Y---Lusotan |
| Y---Maceda | Y---Madrona |
| Y---Malapitan | Y---Mangaoang |
| X---Mangudadatu | Y---Marcoleta |
| Y---Mariano-Hernandez | Y---Mariño |
| Y---Marquez | Y---Martinez |
| X---Matba | Y---Matugas |
| X---Mendoza | X---Mercado |
| Y---Momo | Y---Natividad-Nagaño |
| Y---Nava | Y---Nieto |
| Y---Noel | Y---Nograles (J.J.) |
| X---Nograles (J.F.F.) | Y---Nolasco |
| X---Nuñez-Malanyaon | Y---Oaminal |
| Y---Olivarez | Y---Ong (J.) |
| Y---Ong (R.) | Y---Ordanes |
| Y---Ortega | Y---Ouano-Dizon |
| Y---Pacquiao (A.) | Y---Pacquiao (R.) |
| Y---Padiernos | Y---Paduano |
| Y---Palma | Y---Pancho |
| Y---Panotes | Y---Peña |
| X---Pichay | Y---Pimentel |
| X---Pineda | Y---Plaza |
| Y---Puno | Y---Quimbo |
| Y---Radaza | Y---Ramirez-Sato |
| D---Ramos--(N/A) | Y---Remulla |
| Y---Revilla | Y---Reyes |
| X---Rivera | Y---Robes |
| Y---Rodriguez | Y---Roman |
| Y---Romero | Y---Romualdez (F.M.) |
| Y---Romualdez (Y.M.) | Y---Romualdo |
| Y---Romulo | Y---Roque |
| X---Sacdalan | Y---Sagarbarria |
| Y---Sakaluran | X---Salceda |
| Y---Salimbangon | Y---Salo |
| Y---Salvador-Tambunting | Y---Sanchez |
| Y---Sangcopan | Y---Santos-Recto |
| Y---Sarmiento | Y---Saulog |
| Y---Savellano | Y---Siao |
| Y---Silverio | X---Singson |
| Y---Singson-Meehan | Y---Sinsuat |
| Y---Suansing (E.) | Y---Suansing (H.) |
| X---Suarez (A.) | Y---Suarez (D.) |
| Y---Suntay | X---Sy-Alvarado |
| Y---Taduran | Y---Tallado |
| Y---Tan (A.S.) | Y---Tan (A.) |
| X---Tan (S.) | X---Tan (S.A.) |
| X---Tan-Tambut | Y---Tejada |
| X---Teves (A.) | Y---Teves (J.) |
| Y---Tiangco | X---Tolentino |
| Y---Tulfo | Y---Tupas |
| Y---Tutor | X---Ty (A.) |
| Y---Ty (D.) | Y---Umali (A.) |
| Y---Umali (M.V.) | Y---Unabia |
| Y---Ungab | Y---Uy (J.) |
| Y---Uy (R.) | Y---Valeriano |
| Y---Valmayor | X---Vargas |
| Y---Velasco | X---Veloso |
| Y---Vergara | Y---Villa |
| Y---Villafuerte | X---Villanueva (E.) |
| Y---Villanueva (N.) | X---Villar |
| Y---Villaraza-Suarez | X---Villarica |
| Y---Violago | Y---Yap (E.) |
| Y---Yap (V.) | Y---Yu |
| Y---Zamora (R.) | Y---Zamora (W.K.) |
| N---Zarate | X---Zubiri |
| DATE TRANSMITTED TO THE SENATE: 2021-06-02 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2021-06-02 | |
| REMARKS : |
Senate Legislative History
Entitled: AN ACT EXPANDING THE CAPITAL MARKET BY DEVELOPING A ROBUST INSTITUTIONAL INVESTOR BASE, STRENGTHENING THE REGULATORY ENVIRONMENT, AND PROMOTING FINANCIAL LITERACY [ SECOND REGULAR SESSION, 18TH CONGRESS ] [ 2021 ] Introduced by Representatives JUNIE E. CUA, JOEY SARTE SALCEDA, VIRGILIO S. LACSON, JOHN REYNALD M. TIANGCO, JOSE GAY G. PADIERNOS; Approved on Third Reading by the House of Representatives on June 1, 2021; 6/2/2021 Sent to the Senate requesting for concurrence; 6/2/2021 Read on First Reading and Referred to the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and WAYS AND MEANS;
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.