Bill Type
Congress Name
Long Title
AN ACT INCREASING THE AMOUNT OF INSURED BANK DEPOSITS FROM ONE HUNDRED THOUSAND PESOS (P100,000) TO ONE MILLION PESOS (P1,000,000), AMENDING FOR THE PURPOSE REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION
Date filed
July 27, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01751 |
| FULL TITLE : AN ACT INCREASING THE AMOUNT OF INSURED BANK DEPOSITS FROM ONE HUNDRED THOUSAND PESOS (P100,000) TO ONE MILLION PESOS (P1,000,000), AMENDING FOR THE PURPOSE REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION |
| ABSTRACT : The bill proposes to increase the maximum amount of insured deposits to P500,000 and to establish a deposit insurance coverage plan for deposits in excess of P500,00 which a depositor, as an option, may enroll in at his cost. |
| PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A. |
| DATE FILED : 2004-07-27 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Espino (068 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2004-08-04 |
Abstract
The bill proposes to increase the maximum amount of insured deposits to P500,000 and to establish a deposit insurance coverage plan for deposits in excess of P500,00 which a depositor, as an option, may enroll in at his cost.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.