Full Title
AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES AND FOR OTHER PURPOSES.
Digital Resource
Senate Bill No.
SBN 1519
Legislative History (PDF)
Date of Approval
May 23, 2000

Legislative History

Legislative History
March 17, 1999 - Prepared and submitted jointly by the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES; and WAYS AND MEANS with Senators OSMEÑA III, DRILON, ROCO, TATAD, and ENRILE as authors per Committee Report No. 29, recommending its approval in substitution of SBN-253, 589, 882, 885 and 1241;
- Submitted said Report to the Senate;
- Sponsors: Senators Roco, Enrile, Osmeña III, Drilon, and Tatad;
- Assigned for consideration by Special Order;
- Sponsorship speech of Senator Roco.
March 23, 1999 - Interpellation of Senator Guingona, Jr.
April 21, 1999 - Interpellation of Senator Guingona, Jr.
September 14, 1999 - Interpellation of Senator Guingona, Jr.
September 15, 1999 - Interpellation of Senator Guingona, Jr.
September 20, 1999 - Interpellation of Senators Defensor Santiago and Cayetano.
November 9, 1999 Interpellation of Senators Guingona, Jr., Aquino-Oreta, Cayetano, and Osmeña III.
November 10, 1999 - Interpellation of Senator Pimentel, Jr.
November 15, 1999 - Interpellation of Senator Defensor Santiago;
- Period of interpellations closed.
November 16, 1999 - Period of committee amendments.
November 17, 1999 - Period of committee amendments;
- Period of committee amendments closed.
November 23, 1999 - Period of individual amendments.
December 6, 1999 - Period of individual amendments.
December 15, 1999 - Period of individual amendments;
- Period of individual amendments closed.
- Approved on Second Reading with amendments.
December 16, 1999 - Printed copies were distributed to the Senators.
December 20, 1999 - Certified by the President of the Philippines for immediate enactment on December 16, 1999.
January 10, 2000

- Approved on Third Reading: In favor: (19) Barbers, Biazon, Cayetano, Coseteng, Defensor Santiago, Drilon, Enrile, Flavier, Guingona, Jr., Honasan, Jaworski, Ople, Osmeña (J.), Osmeña III, Pimentel, Jr., Revilla, Roco, Sotto III, and Tatad;

- Against: None;
- Abstention: None;
- Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-1519 and HBN-6814, designating Senators Roco, Enrile, Sotto III, and Guingona, Jr. as its conferees.

January 11, 2000 - Senator Osmeña III withdraw as principal author.
  - House of Representatives accepted the request of the Senate for a conference designating Representatives Laurel IV, Escudero, Teves, Lapus, Diaz, Calimbas-Villarosa, Arroyo, Defensor, Apostol, and Bunye as its conferees on January 12, 2000.
January 24, 2000 - House of Representatives designated Representative Gonzales II as additional member in the Conference Committee on January 18, 2000.
January 25, 2000 House of Representatives designated Representatives Angara-Castillo and Moreno as additional members in the Conference Committee on January 19, 2000.
February 7, 2000 - House of Representatives accordingly designated Representatives Ledesma IV and Belmonte, Jr. who were originally included in the list of conferees transmitted on January 13, 2000.
March 13, 2000 - Senators Pimentel, Jr. and Barbers were designated as additional members in the Conference Committee.
April 12, 2000 - Sponsorship speech of Senator Roco on the Conference Committee Report;
- Clarificatory question of Senator Guingona, Jr.;
- Conference Committee Report approved by the Senate.
April 28, 2000 - Conference Committee Report submitted, recommending that SBN-1519, in consolidation with HBN-6814, be approved as reconciled by the conferees.
May 8, 2000 - Conference Committee Report approved by the House of Representatives on April 12, 2000.
May 23, 2000 - Approved and signed into law by the President of the Philippines and became REPUBLIC ACT NO. 8791.

Other Details

Issuance Category
Legislative Issuance Type
Repeal Note
R.A. No. 7400 Paragraph 8, Sec 8 of R. A. 3591

Official Gazette

Official Gazette Source
Official Gazette vol. 96 no. 40 page 6235 (10/2/2000)
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