Bill Type
Congress Name
Long Title
AN ACT GRANTING TAX EXEMPTIONS AND FEE PRIVILEGES TO SPECIAL PURPOSE VEHICLES WHICH ACQUIRE OR INVEST IN NON-PERFORMING ASSETS, SETTING THE REGULATORY FRAMEWORK THEREFOR, AND FOR OTHER PURPOSES
Short Title
THE SPECIAL PURPOSE VEHICLE (SPV) ACT OF 2020
Text as filed (link)
Date filed
July 6, 2020
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
3
Session Type
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Committee Details
Primary Committee
Secondary Committee
Committee Report No.
116
Legislative History
Entitled: AN ACT GRANTING TAX EXEMPTIONS AND FEE PRIVILEGES TO SPECIAL PURPOSE VEHICLES WHICH ACQUIRE OR INVEST IN NON-PERFORMING ASSETS, SETTING THE REGULATORY FRAMEWORK THEREFOR, AND FOR OTHER PURPOSES [ SECOND REGULAR SESSION, 18TH CONGRESS ] [ 2020 ] 7/6/2020 Introduced by Senator RALPH G. RECTO; 8/3/2020 Read on First Reading and Referred to the Committee(s) on WAYS AND MEANS and BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES; 8/24/2020 Transferred from the Committee on Ways and Means to the Committee on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES as the primary committee; 9/1/2020 Conducted COMMITTEE MEETINGS/HEARINGS; 9/24/2020 Returned and submitted jointly by the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and WAYS AND MEANS per Committee Report No. 116, recommending that it be substituted by SBN-1849; 9/24/2020 Committee Report Calendared for Ordinary Business; 9/28/2020 SUBSTITUTED BY SBN-1849, UNDER COMMITTEE REPORT NO. 116, WHICH BECAME R.A. NO. 11523 ON FEBRUARY 16, 2021.