Bill Type
Congress Name
Long Title
AN ACT REQUIRING THE OFFICERS AND DIRECTORS OF BANKS AND OTHER FINANCIAL INSTITUTIONS TO UTILIZE AS THE BASIS FOR THE APPROVAL OF CREDIT ACCOMMODATIONS THE FINANCIAL STATEMENTS USED FOR PAYMENT OF TAX OBLIGATIONS BY THE PROSPECTIVE BORROWERS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF, AMENDING REPUBLIC ACT NO. 337, OTHERWISE KNOWN AS THE GENERAL BANKING ACT AND FOR OTHER PURPOSES
Short Title
FINANCIAL STATEMENTS AS BASIS FOR CREDIT ACCOMMODATIONS
Text as filed (link)
Date filed
July 2, 2004
Scope
Legislative Status
Session Sequence No.
1
Session Type
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
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Secondary Committee
Legislative History
Entitled: AN ACT REQUIRING THE OFFICERS AND DIRECTORS OF BANKS AND OTHER FINANCIAL INSTITUTIONS TO UTILIZE AS THE BASIS FOR THE APPROVAL OF CREDIT ACCOMMODATIONS THE FINANCIAL STATEMENTS USED FOR PAYMENT OF TAX OBLIGATIONS BY THE PROSPECTIVE BORROWERS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF, AMENDING REPUBLIC ACT NO. 337, OTHERWISE KNOWN AS THE GENERAL BANKING ACT AND FOR OTHER PURPOSES [ First Regular Session, 13th Congress ] [ 2004 ] 7/2/2004 Introduced by Senator SERGE OSMENA; 9/13/2004 Read on First Reading and referred to the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES; and WAYS AND MEANS;