Legislative History
| November 13, 1992 | Prepared by the Committee on URBAN PLANNING, HOUSING AND RESETTLEMENT, per Committee Report No. 34, with Senators WEBB and COSETENG as authors, recommending its approval in substitution of SB Nos. 565 and 809 taking into consideration SRN-49. |
| November 16, 1992 |
- Submitted said report to the Senate; - Sponsor: The Committee on Urban Planning, Housing and Resettlement; |
| November 17, 1992 | - Sponsorship speech of Senator Biazon; - Cosponsorship speech of Senator Webb. |
| November 18, 1992 | Interpellations of Senators Mercado, Guingona, Jr., and Roco; Inquiry of the Chair; Period of interpellations closed. |
| November 23, 1992 | Period of amendments; Period of amendments closed; |
| November 24, 1992 | Passed on Second Reading with amendments; Senator Osmeña, Tolentino, Rasul and Romulo abstained from voting on Second Readings Printed copies were distributed to the Senators. |
| December 7, 1992 |
- Passed on Third Reading; - Abstention: None; |
| December 8, 1992 | - Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-929 and HBN-3811, designating Senators Biazon, Lina, Jr., Webb, Coseteng, Maceda, Sotto III, and Guingona, Jr., as its conferees; - House of Representatives accepted the request of the Senate for a conference, designating Congressmen Andolana, Zubiri, Jr., Fugoso, Marcos, Jr., Henson, Bagatsing (A), and Bagatsing, Jr., as its conferees; |
| December 9, 1992 |
- Conference Committee recommended that HBN-3811 in consolidation with SBN-929 be approved; - Sponsorship remarks of Senator Biazon; - Conference Committee Report approved by the Senate; |
| December 16, 1992 | Conference Committee Report approved by the House of Representatives. |
| December 28, 1992 | Consolidated in HBN-3811 which was approved and signed by the President of the Philippines and became REPUBLIC ACT NO. 7644. |
Other Details
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H. No. 3811 S. No. 929 / 89 OG No. 4, 441 (Jan. 25, 1993) ; 4 VLD 10 2d ; Malaya 1/6/93 ; Journal 1/6/93
[ REPUBLIC ACT NO. 7644, December 28, 1992 ]
AN ACT FURTHER EXTENDING THE RENT CONTROL PERIOD FOR CERTAIN RESIDENTIAL UNITS, AMENDING THEREBY BATAS PAMBANSA BLG. 877, ENTITLED "AN ACT PROVIDING FOR THE STABILIZATION AND REGULATION OF RENTALS OF CERTAIN RESIDENTIAL UNITS AND FOR OTHER PURPOSES," AS AMENDED
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. The effectivity of Batas Pambansa Blg. 877, entitled: "An Act Providing for the Stabilization and Regulation of Rentals of Certain Residential Units and for Other Purposes," as amended, is hereby extended for five (5) years from January 1, 1993 to December 31, 1997: Provided, That the allowable maximum increase for the five-year period shall not be more than the rates herein provided:
PERIOD MAXIMUM INCREASEJanuary 1, 1993 - December 31, 1993 Twenty percent (20%)January 1, 1994 - December 31, 1994 Twenty percent (20%)January 1, 1995 - December 31, 1995 Twenty percent (20%)January 1, 1996 - December 31, 1996Twenty percent (20%)January 1, 1997 - December 31, 1997Twenty percent (20%)
Provided, further, That the basis for the maximum increase herein authorized for the five-year period shall be the actual monthly rental as of December 31, 1992: Provided, finally, That the increases authorized herein shall be cumulative and compounded.
SEC. 2. This Act shall take effect on January 1, 1993 following its publication in at least two (2) newspapers of general circulation.
Approved, December 28, 1992.
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