Bill Type
Congress Name
Long Title
AN ACT INCREASING THE MAXIMUM AMOUNT OF INSURED DEPOSITS, AMENDING FOR THE PURPOSE CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)
Date filed
January 25, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB06495 | |
| FULL TITLE : AN ACT INCREASING THE MAXIMUM AMOUNT OF INSURED DEPOSITS, AMENDING FOR THE PURPOSE CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED NINETY-ONE, AS AMENDED, OTHERWISE KNOWN AS THE CHARTER OF THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC) | |
| ABSTRACT : This bill proposes to INCREASE the maximum amount of insured deposits from [P100,000.00] to FIVE HUNDRED THOUSAND PESOS (P500,000.00). Proposes, likewise, to establish a deposit insurance coverage plan for deposits in excess of P500,000.00 for depositors to take at their own option. | |
| PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A. | |
| DATE FILED : 1999-01-25 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB12384 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1999-02-01 |
Abstract
This bill proposes to INCREASE the maximum amount of insured deposits from [P100,000.00] to FIVE HUNDRED THOUSAND PESOS (P500,000.00). Proposes, likewise, to establish a deposit insurance coverage plan for deposits in excess of P500,000.00 for depositors to take at their own option.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.