Bill Type
Congress Name
Long Title
AN ACT EXPANDING THE COVERAGE OF AND THE CONDUIT NETWORK FOR AGRI-AGRA CREDITS, PRESCRIBING A FIXED PERCENTAGE OF THE FUNDS FOR LENDING TO SMALL FARMERS AND FISHERFOLK, AND FOR OTHER PURPOSES THEREBY AMENDING PRESIDENTIAL DECREE NO. 717 OTHERWISE KNOWN AS THE AGRI-AGRA LAW
Date filed
July 25, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01386 | |
| FULL TITLE : AN ACT EXPANDING THE COVERAGE OF AND THE CONDUIT NETWORK FOR AGRI-AGRA CREDITS, PRESCRIBING A FIXED PERCENTAGE OF THE FUNDS FOR LENDING TO SMALL FARMERS AND FISHERFOLK, AND FOR OTHER PURPOSES THEREBY AMENDING PRESIDENTIAL DECREE NO. 717 OTHERWISE KNOWN AS THE AGRI-AGRA LAW | |
| ABSTRACT : This bill requires banks to grant 25% of their loanable funds to the agriculture and fisheries sectors, 50% of which shall be lent to small farmers and fisherfolk. It prohibits the diversion of the 10% agrarian reform share to government securities. | |
| PRINCIPAL AUTHOR/S : ROMUALDEZ, FERDINAND MARTIN G. | |
| DATE FILED : 2007-07-25 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Chatto (034 ) | 2. Chong (025 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2008-05-13 | |
| 2. Scheduled for first meeting/hearing on 2008-05-13 | |
| 3. Scheduled for first meeting/hearing on 2008-05-13 | |
| 4. Under deliberation by the Mother Committee on 2008-05-27 | |
| 5. Under deliberation by the Mother Committee on 2008-05-27 | |
| 6. Under deliberation by the Mother Committee on 2008-05-27 | |
| 7. Under study by the Technical Working Group(TWG) on 2008-08-12 | |
| 8. Under study by the Technical Working Group(TWG) on 2008-08-12 | |
| 9. Under study by the Technical Working Group(TWG) on 2008-08-12 | |
| 10. Under study by the Technical Working Group(TWG) on 2008-08-26 | |
| 11. Under study by the Technical Working Group(TWG) on 2008-08-26 | |
| 12. Under study by the Technical Working Group(TWG) on 2008-08-26 | |
| 13. Approved by the Committee on 2008-12-16 | |
| 14. Committee Report filed on 2009-03-05 | |
| 15. Committee Report filed on 2009-03-05 | |
| 16. Committee Report filed on 2009-03-05 | |
| MOTHER BILL: HB06095 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON AGRICULTURE & FOOD ON 2008-04-29 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON AGRARIAN REFORM | |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO BANKS AND FINANCIAL INTERMEDIARIES on 2007-08-07;SECONDARILY REFERRED TO AGRICULTURE & FOOD on 2007-09-24; |
Abstract
This bill requires banks to grant 25% of their loanable funds to the agriculture and fisheries sectors, 50% of which shall be lent to small farmers and fisherfolk. It prohibits the diversion of the 10% agrarian reform share to government securities.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.