Bill Type
Congress Name
Long Title
AN ACT LIMITING THE INVESTMENT OF FUNDS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM AMENDING FOR THE PURPOSE SECTION THIRTY SIX OF PRESIDENTIAL DECREE NUMBER ELEVEN HUNDRED FORTY-SIX, AS AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT SERVICE INSURANCE SYSTEM ACT OF 1977
Date filed
April 28, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB04237 | |
| FULL TITLE : AN ACT LIMITING THE INVESTMENT OF FUNDS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM AMENDING FOR THE PURPOSE SECTION THIRTY SIX OF PRESIDENTIAL DECREE NUMBER ELEVEN HUNDRED FORTY-SIX, AS AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT SERVICE INSURANCE SYSTEM ACT OF 1977 | |
| SHORT TITLE : Limiting the Investment of Funds of GSIS | |
| ABSTRACT : The bill limits the investment of funds of the Government Service Insurance System to the following: a) in interest-bearing bonds or securities or other evidence of indebtedness of the national government; b) in direct housing loans to members and group housing projects secured by first mortgage; c) in bonds, securities, promissory notes of medical and educational institutions; d) in real estate property; and e) in domestic mutual funds. | |
| PRINCIPAL AUTHOR/S : DEFENSOR, ARTHUR D. | |
| DATE FILED : 2005-04-28 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Amin | 2. Gullas |
| 3. Jala | 4. |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 02257 | |
| SUBMITTED ON 2007-02-08 | |
| SUBMITTED BY: GOVERNMENT ENTERPRISES AND PRIVATIZATION | |
| RECOMMENDATIONS: approval without amendment | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2005-05-09 | |
| DATE INCLUDED IN OB: 2007-02-08 |
Abstract
The bill limits the investment of funds of the Government Service Insurance System to the following: a) in interest-bearing bonds or securities or other evidence of indebtedness of the national government; b) in direct housing loans to members and group housing projects secured by first mortgage; c) in bonds, securities, promissory notes of medical and educational institutions; d) in real estate property; and e) in domestic mutual funds.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.