Full Title
An Act increasing the maximum deposit insurance coverage, and in connection therewith, to strengthen the regulatory and administrative authority, and financial capability of the Philippine Deposit Insurance Corporation (PDIC), amending for this purpose Republic Act numbered Three thousand five hundred ninety-one, as amended, otherwise known as the PDIC Charter, and for other purposes
Date of Approval
April 29, 2009

Legislative History

Legislative History
Entitled:
AN ACT INCREASING THE MAXIMUM DEPOSIT INSURANCE COVERAGE, AND STRENGTHENING THE REGULATORY AND ADMINISTRATIVE AUTHORITY, AND FINANCIAL CAPABILITY OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC), AMENDING FOR THIS PURPOSE REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE PDIC CHARTER, AND FOR OTHER PURPOSES
[ SECOND REGULAR SESSION, 14TH CONGRESS ]
[ 2008 ]
12/10/2008 Prepared and submitted jointly by the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and GOVERNMENT CORPORATIONS AND PUBLIC ENTERPRISES with Senator(s) FRANCIS "CHIZ" G. ESCUDERO, EDGARDO J. ANGARA, MAR ROXAS and the Members of both Committees as author(s) per Committee Report No. 233, recommending its approval in substitution of SBNos. 2678, 2687, and 2688;
12/15/2008 Sponsor: Senator EDGARDO J. ANGARA;
12/15/2008 Committee Report Calendared for Ordinary Business;
12/15/2008 Transferred from Ordinary Business to Special Order;
12/15/2008 Sponsorship speech of Senator EDGARDO J. ANGARA;
12/15/2008 Interpellation of Senator MAR ROXAS;
12/16/2008 Interpellation of Senator MAR ROXAS;
12/16/2008 Remarks of Senator ALAN PETER "COMPANERO" S. CAYETANO;
12/16/2008 Period of interpellation closed;
12/16/2008 Period of committee amendments;
12/16/2008 Period of committee amendments closed;
12/16/2008 Period of individual amendments;
12/16/2008 Period of individual amendments closed;
12/16/2008 Approved on Second Reading with Amendments;
12/16/2008 Senators Gordon and Zubiri were made coauthors;
[ 2009 ]
1/7/2009 Printed copies were distributed to the Senators;
1/15/2009 Certified by the President of the Philippines for its IMMEDIATE enactment;
1/19/2009 Reconsideration of the approval on Second Reading;
1/19/2009 Period of committee amendments;
1/19/2009 Period of committee amendments closed;
1/19/2009 Period of individual amendments closed;
1/19/2009 Approved on Second Reading with amendments;
1/19/2009 Approved on Third Reading;
1/19/2009 In favor: (13) EDGARDO J. ANGARA, JOKER P. ARROYO, JUAN PONCE ENRILE, FRANCIS "CHIZ" G. ESCUDERO, RICHARD "DICK" J. GORDON, GREGORIO B. HONASAN II, PANFILO M. LACSON, MANUEL "LITO" M. LAPID, LOREN B. LEGARDA, M. A. MADRIGAL, FRANCIS N. PANGILINAN, MAR ROXAS and JUAN MIGUEL F. ZUBIRI;
1/19/2009 Against: N o n e;
1/19/2009 Abstention: N o n e;
1/27/2009 Sent to the House of Representatives requesting for concurrence;
3/2/2009 Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-2964 and HBN-5911, and has designated Senators Angara, Legarda, Gordon, Cayetano (A.) and Pangilinan as its conferees to the Bicameral Conference Committee;
3/2/2009 House of Representatives agreed to a conference on the disagreeing provisions of SBN-2964 and HBN-5911, and designated Representatives Lopez, Cua, Javier, Villafuerte, Romualdez and Locsin, Jr., on the part of the Majority and Representatives Zamora, Golez, and Rodriguez on the part of the Minority, as its conferees to the Bicameral Conference Committee;
3/4/2009 Conference Committee Report approved by the House of Representatives;
3/4/2009 Conference Committee Report submitted to the Senate, recommending that SBN-2964, in consolidation with HBN-5911, be approved as reconciled;
3/5/2009 Sponsorship speech of Senator EDGARDO J. ANGARA on the Conference Committee Report;
3/5/2009 Conference Committee Report Approved by the Senate;
3/23/2009 Enrolled copies of the consolidated version of SBN-2964 and HBN-5911, sent to the House of Representatives for the signature of the Speaker and the Secretary General;
3/25/2009 Enrolled copies of the consolidated version of SBN-2964 and HBN-5911, received by the Senate, already signed by the Speaker and the Secretary General of the House of Representatives;
3/30/2009 Enrolled copies of the consolidated version of SBN-2964 and HBN-5911, sent to the Office of the President of the Philippines through PLLO, for consideration and appropriate action of President Gloria Macapagal Arroyo;
FINAL TITLE:
AN ACT INCREASING THE MAXIMUM DEPOSIT INSURANCE COVERAGE, AND IN CONNECTION THEREWITH, TO STRENGTHEN THE REGULATORY AND ADMINISTRATIVE AUTHORITY, AND FINANCIAL CAPABILITY OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC), AMENDING FOR THIS PURPOSE REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY ONE, AS AMENDED, OTHERWISE KNOWN AS THE PDIC CHARTER, AND FOR OTHER PURPOSES.
5/12/2009 Approved and signed into law in consolidation with HBN-5911, by the President of the Philippines, Her Excellency President Gloria Macapagal Arroyo on April 29, 2009, and became;
5/12/2009 REPUBLIC ACT NO. 9576.

Committees

Committee Report No.
233

Other Details

Issuance Category
Legislative Issuance Type
Amendment Note
RA 3591, secs. 4(f), (g), 8, 19, 21 (f) (5)
RA 3591, sec. 9 (i) (renumbered)
RA 3591, sec. 9 (h) (added)
RA 3591, sec. 17 (d) (renumbered)
RA 3591, sec. 17 (c) (added)
Related to Note
RA 9160
RA 8791
RA 6426
RA 1405
EO 93, s1986

Official Gazette

Official Gazette Source
Official Gazette vol. 105 no. 31 page 4708 (8/3/2009)
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