Bill Type
Congress Name
Long Title
AN ACT STRENGTHENING THE SECURED TRANSACTIONS LEGAL FRAMEWORK IN THE PHILIPPINES, WHICH SHALL PROVIDE FOR THE CREATION, PERFECTION, DETERMINATION OF PRIORITY, ESTABLISHMENT OF A CENTRALIZED NOTICE REGISTRY, AND ENFORCEMENT OF SECURITY INTERESTS IN PERSONAL PROPERTY, AND FOR OTHER PURPOSES
Short Title
PERSONAL PROPERTY SECURITY ACT
Sponsor
Co-sponsor
Date filed
May 16, 2017
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
83
Session Type
Document Certification
Bill Transmittal
Conference committee requested by SENATE (5/29/2018)
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Committee Details
Primary Committee
Secondary Committee
Committee Report No.
86
Floor Activity
Floor Activity
Date Parliamentary status Senator(s) 5/22/2017 Sponsorship Speech Escudero, Francis "Chiz" G. 5/22/2017 Co-Sponsorship Speech Aquino IV, Paolo Benigno "Bam" 3/5/2018 Interpellation Pimentel, Aquilino Koko III L. 3/5/2018 Period of Committee Amendments Closed 3/5/2018 Period of Interpellation Closed 3/6/2018 Period of Individual Amendments Closed 5/22/2018 Period of Individual Amendments 5/22/2018 Period of Individual Amendments Closed 5/30/2018 Sponsorship Speech on the Conference Committee Report Escudero, Francis "Chiz" G.
Votes
Votes
Type of vote
Third Reading (5/28/2018)
Voted Yes Voted No Angara, Juan Edgardo "Sonny" M.
Aquino IV, Paolo Benigno "Bam"
Binay, Maria Lourdes Nancy S.
Drilon, Franklin M.
Ejercito, Joseph Victor G.
Escudero, Francis "Chiz" G.
Gatchalian, Sherwin T.
Gordon, Richard J.
Honasan II, Gregorio B.
Hontiveros, Risa
Lacson, Panfilo M.
Legarda, Loren B.
Pangilinan, Francis N.
Pimentel, Aquilino Koko III L.
Poe, Grace L.
Recto, Ralph G.
Sotto III, Vicente C.
Trillanes, Antonio "Sonny" F.
Villanueva, Joel
Villar, Cynthia A.
Zubiri, Juan Miguel F.
Legislative History
Entitled: AN ACT STRENGTHENING THE SECURED TRANSACTIONS LEGAL FRAMEWORK IN THE PHILIPPINES, WHICH SHALL PROVIDE FOR THE CREATION, PERFECTION, DETERMINATION OF PRIORITY, ESTABLISHMENT OF A CENTRALIZED NOTICE REGISTRY, AND ENFORCEMENT OF SECURITY INTERESTS IN PERSONAL PROPERTY, AND FOR OTHER PURPOSES [ FIRST REGULAR SESSION, 17TH CONGRESS ] [ 2017 ] 5/16/2017 Prepared and submitted jointly by the Committees on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and FINANCE with Senators PAOLO BENIGNO "BAM" AQUINO IV and FRANCIS "CHIZ" G. ESCUDERO as authors per Committee Report No. 86, recommending its approval in substitution of SBN-354; 5/17/2017 Committee Report Calendared for Ordinary Business; 5/17/2017 Sponsors: Senators FRANCIS "CHIZ" G. ESCUDERO, PAOLO BENIGNO "BAM" AQUINO IV; 5/22/2017 Transferred from the Calendar for Ordinary Business to the Calendar for Special Order; 5/22/2017 Sponsorship speech of Senator FRANCIS "CHIZ" G. ESCUDERO; 5/22/2017 Co-sponsorship speech of Senator PAOLO BENIGNO "BAM" AQUINO IV; 5/24/2017 Printed copies were distributed to the Senators; 5/24/2017 Letter from Senator CYNTHIA A. VILLAR dated May 22, 2017, requesting that she be made co-author of SBN-1459, received by the LBIS; 5/31/2017 Letter from Senator SHERWIN T. GATCHALIAN dated May 23, 2017, requesting that he be made coauthor of SBN-1459, received by the LBIS; 9/13/2017 Letter from Senator LEILA M. DE LIMA dated August 10, 2017, requesting that she be made coauthor of SBN-1459, received by the LBIS; [ SECOND REGULAR SESSION ] [ 2018 ] 3/5/2018 Interpellation of Senator AQUILINO KOKO III L. PIMENTEL; 3/5/2018 Period of interpellation closed; 3/5/2018 Period of committee amendments closed; 3/6/2018 Period of individual amendments closed; 3/6/2018 Approved on Second Reading without Amendment; 3/7/2018 Reconsideration of Approval on Second Reading; 5/22/2018 Period of individual amendments; 5/22/2018 Period of individual amendments closed; 5/22/2018 Approved on Second Reading with Amendments; 5/24/2018 Printed copies were distributed to the Senators; 5/24/2018 Printed copies were distributed to the Senators; 5/28/2018 Approved on Third Reading; 5/28/2018 In favor: (21) Senators JUAN EDGARDO "SONNY" M. ANGARA, PAOLO BENIGNO "BAM" AQUINO IV, MARIA LOURDES NANCY S. BINAY, FRANKLIN M. DRILON, JOSEPH VICTOR G. EJERCITO, FRANCIS "CHIZ" G. ESCUDERO, SHERWIN T. GATCHALIAN, RICHARD J. GORDON, GREGORIO B. HONASAN II, RISA HONTIVEROS, PANFILO M. LACSON, LOREN B. LEGARDA, FRANCIS N. PANGILINAN, AQUILINO KOKO III L. PIMENTEL, GRACE L. POE, RALPH G. RECTO, VICENTE C. SOTTO III, ANTONIO "SONNY" F. TRILLANES, JOEL VILLANUEVA, CYNTHIA A. VILLAR and JUAN MIGUEL F. ZUBIRI; 5/28/2018 Against: (None) ; 5/28/2018 Abstention: (None) ; 5/29/2018 Sent to the House of Representatives requesting for concurrence; 5/29/2018 Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-1459 and HBN-6907, designating Senators Escudero, Recto and Aquino as its conferees; 5/30/2018 House of Representatives agreed for a conference on the disagreeing provisions of SBN-1459 and HBN-6907, designating Representatives Ben P. Evardone, Arthur C. Yap, Henry S. Oaminal, Jose I. Tejada and Alfredo A. Garbin, Jr. as its conferees on May 29, 2018; (See: O.B. dated July 30, 2018) 5/30/2018 Conference Committee Report submitted to the Senate, recommending that HBN-6907 in consolidation with SBN-1459, be approved as reconciled; 5/30/2018 Sponsorship speech on the Conference Committee Report of Senator FRANCIS "CHIZ" G. ESCUDERO; 5/30/2018 Conference Committee Report Approved by the Senate; 6/4/2018 Conference Committee Report Approved by the House of Representatives on May 30, 2018; (See: O.B. dated July 30, 2018) 7/5/2018 Letter from Secretary General Atty. Cesar S. Pareja, dated July 4, 2018, transmitting nine (9) enrolled copies of the consolidated version of HBN-6907 and SBN-1459, for the signature of Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III; 7/16/2018 Letter for Speaker Pantaleon D. Alvarez, dated July 11, 2018, returning eight (8) enrolled copies of the consolidated version of HBN-6907 and SBN-1459, which were signed by Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III; [ THIRD REGULAR SESSION ] 10/1/2018 Consolidated with HBN-6907, which was Approved and Signed into Law by the President of the Philippines, His Excellency, President Rodrigo Roa Duterte on August 17, 2018 and became 10/1/2018 REPUBLIC ACT NO. 11057. (The legislative history/plenary deliberations is prepared by the INDEXING, MONITORING AND LIS SECTION, LEGISLATIVE BILLS AND INDEX SERVICE; The data entry on committee meetings is prepared by the Committee Affairs Bureau)