Bill Type
House Bill
Long Title
AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE PHILIPPINE COOPERATIVE CODE OF 2005
Short Title
PHILIPPINE COOPERATIVE CODE OF 2005
Text as Filed (File)
HBN-4602 (as filed)
Third Reading Copy link (HRep)
View Third Reading Copy link as uploaded in HRep website
Congress Author
AQUINO, AGAPITO S.
Congress Co-Authors
CUA, GUILLERNO P.
DOMOGAN, MAURICIO G.
PABLO, ERNESTO "ERNIE" C.
SYJUCO, JUDY
Scope
NATIONAL
Legislative Status
PENDING IN THE COMMITTEE
Legislative Status Date
Session Sequence No.
44
Session Type
SECOND REGULAR SESSION
Subjects
COOPERATIVE CODE (RA 6938, AMENDMENTS)
Document Certification
NO CERTIFICATION
All Information (Senate Website)
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Legislative History (Senate Website)
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Committee Referral (Senate Website)
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Senate Legis Intranet Link
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Committee Details

Primary Committee
COOPERATIVES
Secondary Committee
FINANCE

Legislative History

House Bill/Resolution NO. HB04602
FULL TITLE : AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE 'PHILIPPINE COOPERATIVE CODE OF 2005'
SHORT TITLE : 'Philippine Cooperative Code of 2005.'
ABSTRACT : The bill proposes the following amendments to the Code, among others: a) it grants cooperatives the right of first refusal on specific business undertakings; b) it grants cooperative banks the same incentive package enjoyed by thrift banks; c) it increases the minimum paid up share capital from P2,000 to P30,000; and d) it allows the transformation of single-purpose cooperatives into multi-purpose cooperatives only after two years of operations.
PRINCIPAL AUTHOR/S : AQUINO, AGAPITO A.
DATE FILED : 2005-08-08
SIGNIFICANCE: NATIONAL
CO-AUTHORS :
1. Cua 2. Domogan
3. Pablo 4. Syjuco
5. Barinaga 6. Biazon
7. Gullas 8. Amin
9. Velarde 10. Magtubo
11. Susano 12. Nicolas
13. Figueroa 14. Chatto
15. Banaag 16. Vicencio
17. Clarete 18. Duavit
19. Ramiro 20. Guingona
21. Cari 22. Tulagan
23. Ecleo
CO-AUTHORS (Journal Entries) :
1. Gidaya (021 )
ACTIONS TAKEN BY THE COMMITTEE
COMMITTEE REPORT NO. 01000
SUBMITTED ON 2005-08-08
SUBMITTED BY: COOPERATIVES DEVELOPMENT
RECOMMENDATIONS: approval
SUBSTITUTED BILLS: HB00699, HB01074, HB01123, HB01360, HB01597, HB01954, HB02501, HB02915
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON RULES ON 2005-08-15
DATE INCLUDED IN OB: 2005-08-15
DATE CALENDARED : 2005-08-24
SECOND READING INFORMATION
PERIOD OF SPONSORSHIP : 2005-10-12
DATE APPROVED ON SECOND READING : 2005-10-12
REMARKS : The Body approved to consider the Explanatory Note of the Bill as the sponsorship remarks on the measure.
THIRD READING INFORMATION
DATE COPY DISTRIBUTED TO MEMBERS: 2005-11-22
DATE APPROVED BY THE HOUSE ON THIRD READING :2005-11-29
HOUSE VOTES:    YEAS:198     NAYS:0    ABSTAIN:.0
DATE TRANSMITTED TO THE SENATE:  2005-12-06
ACTIONS TAKEN BY THE SENATE/HOUSE
DATE RECEIVED BY THE SENATE:  2005-12-06
REMARKS : 

Senate Legislative History

Entitled:
AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE PHILIPPINE COOPERATIVE CODE OF 2005
[ SECOND REGULAR SESSION, 13TH CONGRESS ]
[ 2005 ]
12/6/2005 Filed in the Senate requeting for concurrence by Representatives AGAPITO S. AQUINO, et. al., as authors;
12/7/2005 Read on First Reading and Referred to the Committee(s) on COOPERATIVES and FINANCE;
9/12/2006 Conducted TECHNICAL WORKING GROUP;
8/22/2006 Conducted TECHNICAL WORKING GROUP;
7/12/2006 Conducted TECHNICAL WORKING GROUP;
6/27/2006 Conducted TECHNICAL WORKING GROUP;
6/20/2006 Conducted TECHNICAL WORKING GROUP;
6/7/2006 Conducted TECHNICAL WORKING GROUP;
6/1/2006 Conducted JOINT COMMITTEE MEETINGS/HEARINGS;

Abstract

The bill proposes the following amendments to the Code, among others: a) it grants cooperatives the right of first refusal on specific business undertakings; b) it grants cooperative banks the same incentive package enjoyed by thrift banks; c) it increases the minimum paid up share capital from P2,000 to P30,000; and d) it allows the transformation of single-purpose cooperatives into multi-purpose cooperatives only after two years of operations.'

Disclaimer

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