Bill Type
Long Title
AN ACT CREATING THE PHILIPIINE OVERSEAS WORKERS BANK, AND FOR OTHER PURPOSES
Congress Author
Date filed
August 16, 2001
Scope
Urgent Bill
No

Legislative History

House Bill/Resolution NO. House Bill No. 2498, 12th Congress of the Republic
FULL TITLE : AN ACT CREATING THE PHILIPIINE OVERSEAS WORKERS BANK, AND FOR OTHER PURPOSES
ABSTRACT : This bill seeks to further enhance the investment potentials of overseas workers while at the same time aims to address their financial needs and concerns. It provides for the establishment of a banking institution for Filipino overseas workers, tobe known as the Philippine Overseas Workers Bank, to augment their income-generati on capabilities as investors thereof. Added to this, it enjoins the government to provide the necessary financial assistance that will tremendously sustain the validity of the proposed bank.
PRINCIPAL AUTHOR/S : ROCO, CHO
DATE FILED : 2001-08-16
SIGNIFICANCE: NATIONAL
CO-AUTHORS (Journal Entries) :
1. Rodriguez (017 ) 2. Villarama (042 )
3. Syjuco (041 )
ADMINISTRATION BILL? No
URGENT BILL? No
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-08-22
SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS

Abstract

This bill seeks to further enhance the investment potentials of overseas workers while at the same time aims to address their financial needs and concerns. It provides for the establishment of a banking institution for Filipino overseas workers, tobe known as the Philippine Overseas Workers Bank, to augment their income-generati on capabilities as investors thereof. Added to this, it enjoins the government to provide the necessary financial assistance that will tremendously sustain the validity of the proposed bank.

Disclaimer

Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.