Bill Type
Congress Name
Long Title
AN ACT CREATING THE OVERSEAS FILIPINO WORKERS BANK, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00638 |
| FULL TITLE : AN ACT CREATING THE OVERSEAS FILIPINO WORKERS BANK, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES |
| ABSTRACT : The bill provides for the establishment of the Overseas Filipino Workers (OFWs) Bank, its powers, functions and organizational structure. It further sets the authorized capitalization for the Bank at PhP1.5 billion of which PhP500 million shall be offered to OFWs for subscription. |
| PRINCIPAL AUTHOR/S : SYJUCO, JUDY J. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Referred to Stakeholders on 2007-07-30 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2007-07-30 |
Abstract
The bill provides for the establishment of the Overseas Filipino Workers (OFWs) Bank, its powers, functions and organizational structure. It further sets the authorized capitalization for the Bank at PhP1.5 billion of which PhP500 million shall be offered to OFWs for subscription.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.