Bill Type
Congress Name
Long Title
AN ACT ALLOWING INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS THE RURAL BANK ACT OF 1992, AS AMENDED AND FOR OTHER PURPOSES
Short Title
FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS
Text as filed (link)
Sponsor
Date filed
September 18, 2012
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
20
Session Type
Subjects
Bill Transmittal
Conference committee requested by SENATE (1/28/2013)
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Committee Details
Primary Committee
Committee Report No.
392
Floor Activity
Floor Activity
Date Parliamentary status Senator(s) 9/19/2012 Sponsorship Speech Osmena III, Sergio R. 12/19/2012 Interpellation Defensor Santiago, Miriam 12/19/2012 Period of Committee Amendments Closed 12/19/2012 Period of Interpellation Closed 1/21/2013 Period of Individual Amendments 1/21/2013 Period of Individual Amendments Closed 1/21/2013 Period of Interpellation Closed 1/21/2013 Period of Committee Amendments Closed 1/22/2013 Period of Individual Amendments Closed 1/22/2013 Period of Individual Amendments 1/30/2013 Sponsorship Speech on the Conference Committee Report Osmena III, Sergio R.
Votes
Votes
Type of vote
Third Reading (1/28/2013)
Voted Yes Voted No Angara, Edgardo J.Arroyo, Joker P.Drilon, Franklin M.Ejercito-Estrada, Jinggoy P.Enrile, Juan PonceEscudero, Francis "Chiz" G.Guingona III, Teofisto "Tg"Honasan II, Gregorio B.Lapid, Manuel "Lito" M.Osmena III, Sergio R.Pangilinan, Francis N.Pimentel, Aquilino Koko III L.Recto, Ralph G.Sotto III, Vicente C.
Legislative History
Entitled: AN ACT ALLOWING INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS THE RURAL BANK ACT OF 1992, AS AMENDED AND FOR OTHER PURPOSES [ THIRD REGULAR SESSION, 15TH CONGRESS ] [ 2012 ] 9/18/2012 Prepared and submitted by the Committee on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES with Senator(s) MIRIAM DEFENSOR SANTIAGO, EDGARDO J. ANGARA and SERGIO R. OSMENA III as author(s) per Committee Report No. 392, recommending its approval in substitution of SBNos. 1907 and 3089, taking into consideration HBN-5360; 9/19/2012 Committee Report Calendared for Ordinary Business; 9/19/2012 Sponsor: Senator SERGIO R. OSMENA III; 9/19/2012 Transferred from the Calendar for Ordinary Business to the Calendar for Special Order; 9/19/2012 Sponsorship speech of Senator SERGIO R. OSMENA III; 12/19/2012 Interpellation of Senator MIRIAM DEFENSOR SANTIAGO; 12/19/2012 Period of interpellation closed; 12/19/2012 Period of committee amendments closed; [ 2013 ] 1/21/2013 Period of individual amendments; 1/21/2013 Period of individual amendments closed; 1/21/2013 Approved on Second Reading with Amendments; 1/22/2013 Reconsideration of Approval on Second Reading; 1/22/2013 Reconsideration of the closing of period of amendments; 1/22/2013 Period of individual amendments; 1/22/2013 Period of individual amendments closed; 1/22/2013 Approved on Second Reading with Amendments; 1/23/2013 Printed copies were distributed to the Senators; 1/28/2013 Approved on Third Reading; 1/28/2013 In favor: (14) EDGARDO J. ANGARA, JOKER P. ARROYO, FRANKLIN M. DRILON, JINGGOY P. EJERCITO-ESTRADA, JUAN PONCE ENRILE, FRANCIS "CHIZ" G. ESCUDERO, TEOFISTO "TG" GUINGONA III, GREGORIO B. HONASAN II, MANUEL "LITO" M. LAPID, SERGIO R. OSMENA III, FRANCIS N. PANGILINAN, AQUILINO KOKO III L. PIMENTEL, RALPH G. RECTO and VICENTE C. SOTTO III; 1/28/2013 Against: N o n e; 1/28/2013 Abstention: N o n e; 1/28/2013 Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-3282 and HBN-5360, designating Senators Osmena, Guingona, Escudero, Pangilinan and Trillanes as its conferees to the Bicameral Conference Committee; 1/30/2013 Sent to the House of Representatives requesting for concurrence; 1/30/2013 Conference Committee Report submitted to the Senate, recommending that SBN-3282, in consolidation with HBN-5360 be approved as reconciled; 1/30/2013 Sponsorship speech on the conference committee report of Senator SERGIO R. OSMENA III; 1/30/2013 Conference Committee Report Approved by the Senate; 2/4/2013 House of Representatives agreed to a conference on the disagreeing provisions of SBN-3282 and HBN-5360, designating Representatives Apostol, Rodriguez, Romualdo, Lapus and Calimbas-Villarosa as its conferees to the Bicameral Conference Committee on January 29, 2013; 2/6/2013 Conference Committee Report Approved by the House of Representatives on February 4, 2013; 4/24/2013 Enrolled copies of consolidated version of HBN-5360 and SBN-3282, sent to the House of Representatives, which were already signed by Senate President Juan Ponce Enrile and Acting Senate Secretary Edwin B. Bellen; 5/24/2013 Consolidated with HBN-5360, which was Approved and Signed into Law by the President of the Philippines, His Excellency President Benigno S. Aquino III, and became 5/24/2013 REPUBLIC ACT NO. 10574.