House Bill No. 7951, 18th Congress of the Republic

House Bill/Resolution NO. HB07951
FULL TITLE : AN ACT PROVIDING FOR PROTECTION OF THE REMITTANCES OF OVERSEAS FILIPINO WORKERS
SHORT TITLE : Overseas Filipino Workers ( O F Ws ) Remittance Protection Act
ABSTRACT : Seeks to 1.) provide for a mandatory discount of 50% of the remittance fees imposed by bank and non-bank financial intermediaries; 2.) provide for tax incentives to intermediaries which shall provide for such discounts; 3.) prohibit intermediaries from raising their current remittances fees without prior consultation with the Department of Finance (DOF), Bangko Sentral ng Pilipinas (BSP), and the Philippine Overseas Employment Administration (POEA).Mandates government agencies to provide financial education programs to OFWs and their families.
PRINCIPAL AUTHOR/S : GONZALES, AURELIO "DONG" JR. D., MENDOZA, RAYMUND DEMOCRITO C., SALCEDA, JOEY SARTE, BASCUG, ALFEL M., COLLANTES, MA. THERESA V., CRISOLOGO, ANTHONY PETER "ONYX" D., DAGOOC, SERGIO C., DEFENSOR, LORENZ R., DELOSO-MONTALLA, CHERYL P., DUAVIT, JOHN MICHAEL R., DY, FAUSTINO MICHAEL CARLOS III T., EBCAS, ADRIANO A., ELAGO, SARAH JANE I., GARIN, SHARON S., GO, MARK O., HARESCO, TEODORICO JR. T., LACSON, VIRGILIO S., NOGRALES, JERICHO JONAS B., ONG, JOSE "JUN" JR. L., PADIERNOS, JOSE GAY G., SAVELLANO, DEOGRACIAS VICTOR "DV" B., SUANSING, ESTRELLITA B., SUANSING, HORACIO JR. P., SUNTAY, JESUS "BONG" C., SALVADOR-TAMBUNTING, JOY MYRA, VIOLAGO, MICAELA S., VILLA, JAKE VINCENT, ARENAS, ROSE MARIE "BABY" J., FUENTEBELLA, ARNIE B., QUIMBO, STELLA LUZ A., SINGSON-MEEHAN, KRISTINE, TAN, ALYSSA SHEENA P., ABU, RANEO "RANIE" E., SALO, RON P., DIMAPORO, ABDULLAH D., CASTRO, FRANCE L., SALIMBANGON, JANICE Z., ESPINO,JUMEL ANTHONY I., GATCHALIAN, WESLIE T., JIMENEZ, CESAR "JAWO" JR. I., TEJADA, JOSE "PING-PING" I., CHIPECO, JOAQUIN JR. M., NOLASCO, RAMON JR. C., SUAREZ, ALETA C., ROMERO, MICHAEL ODYLON L., ECLEO, ALAN I B., GARCIA, JOSE ENRIQUE "JOET" III S., PIMENTEL, JOHNNY TY, TOLENTINO, ABRAHAM "BAMBOL" N., TULFO, JOCELYN P., LARA, JOSEPH "JOJO" L., OUANO-DIZON, EMMARIE "LOLYPOP", PANOTES, MARISOL C., TUTOR, KRISTINE ALEXIE B., GAITE, FERDINAND R., LUSOTAN, MACNELL, ONG, RONNIE L.
DATE FILED : 2020-11-03
SIGNIFICANCE: NATIONAL
AUTHORS(Committee Report) :
1. Gonzales (A.)	2. Mendoza	3. Salceda
4. Bascug	5. Collantes	6. Crisologo
7. Dagooc	8. Defensor (L.)	9. Deloso-Montalla
10. Duavit	11. Dy (F.M.C.)	12. Ebcas
13. Elago	14. Garin (S.)	15. Go (M.)
16. Haresco	17. Lacson	18. Nograles (J.J.)
19. Ong (J.)	20. Padiernos	21. Savellano
22. Suansing (E.)	23. Suansing (H.)	24. Suntay
25. Salvador-Tambunting	26. Violago	27. Villa
28. Arenas	29. Fuentebella	30. Quimbo
31. Singson-Meehan	32. Tan (A.S.)	33. Abu
34. Salo	35. Dimaporo (A.)	36. Castro (F.L.)
37. Salimbangon	38. Espino	39. Gatchalian
40. Jimenez	41. Tejada	42. Chipeco
43. Nolasco	44. Suarez (A.)	45. Romero
46. Ecleo	47. Garcia (J.E.)	48. Pimentel
49. Tolentino	50. Tulfo	51. Lara
52. Ouano-Dizon	53. Panotes	54. Tutor
55. Gaite	56. Lusotan	57. Ong (R.)
AUTHORS(Final/Third Reading) :
1. Gonzales (A.)	2. Mendoza
3. Salceda	4. Bascug
5. Collantes	6. Crisologo
7. Dagooc	8. Defensor (L.)
9. Deloso-Montalla	10. Duavit
11. Dy (F.M.C.)	12. Ebcas
13. Elago	14. Garin (S.)
15. Go (M.)	16. Haresco
17. Lacson	18. Nograles (J.J.)
19. Ong (J.)	20. Padiernos
21. Savellano	22. Suansing (E.)
23. Suansing (H.)	24. Suntay
25. Salvador-Tambunting	26. Violago
27. Villa	28. Arenas
29. Fuentebella	30. Quimbo
31. Singson-Meehan	32. Tan (A.S.)
33. Abu	34. Salo
35. Dimaporo (A.)	36. Castro (F.L.)
37. Salimbangon	38. Espino
39. Gatchalian	40. Jimenez
41. Tejada	42. Chipeco
43. Nolasco	44. Suarez (A.)
45. Romero	46. Garcia (J.E.)
47. Pimentel	48. Tolentino
49. Tulfo	50. Lara
51. Ouano-Dizon	52. Panotes
53. Tutor	54. Gaite
55. Lusotan	56. Ong (R.)
57. Gullas	58. Paduano
59. Velasco	60. Legarda
61. Caoagdan	62. Vargas Alfonso
63. Martinez	64. Pacquiao (R.)
65. Bautista-Bandigan	66. Pancho
67. Delos Santos	68. Defensor (M.)
69. Alvarez (F.)	70. Gorriceta
71. Arroyo	72. Bañas-Nograles
73. Nieto	74. Campos
75. Vargas	76. Ramos
77. Castelo	78. Caminero
79. Barba	80. Eriguel
81. Momo	82. Bravo
83. Tupas	84. Peña
85. Lagman	86. Aragones
87. Babasa	88. Tiangco
89. Acop	90. Ruiz Daza
91. Co (A.N.)	92. Gato
93. Chungalao	94. Revilla
95. Sanchez	96. Abellanosa
97. Cuaresma	98. Espina
99. Olivarez	100. Gonzalez
101. Mariano-Hernandez	102. Acosta
103. Valeriano	104. Chatto
105. Natividad-Nagaño	106. Tan (A.)
107. Ramirez-Sato	108. Escudero
109. Loyola	110. Santos-Recto
111. Barbers	112. Garcia (V.)
113. Herrera-Dy	114. Del Mar
115. Zamora (R.)	116. Benitez
117. Fortuno	118. Aumentado
119. Lacson-Noel	120. Belmonte
121. Limkaichong	122. Vergara
123. Ferrer (L.)	124. Fortun
125. Cabochan	126. Reyes
127. Dy (F.)	128. Sarmiento
129. Dalog	130. Villar
131. Aglipay	132. Umali (M.V.)
133. Hernandez	134. Alonte
135. Noel	136. Pacquiao (A.)
137. Advincula	138. Matugas
139. Bernos	140. Tallado
141. Roman	142. Cagas
143. Bautista	144. Balindong
145. Siao	146. Villaraza-Suarez
147. Albano (A.)	148. Dy (I.P.)
149. Abueg-Zaldivar	150. Cua
151. Madrona	152. Gasataya
153. Cueva	154. Lazatin
155. Valmayor	156. Oaminal
157. Ty (D.)	158. Enverga
159. Cabredo	160. Bustos
161. Abante	162. Gonzales (N.)
163. Abunda	164. Adiong
165. Radaza	166. Agabas
167. Bagatsing	168. Bolilia
169. Kho (E.)	170. Labadlabad
171. Guico	172. Roque
173. Javier	174. Garin (J.)
175. Khonghun	176. Erice
177. Umali (A.)	178. Zubiri
179. Lopez (M.L.)	180. Estrella
181. Hataman	182. Macapagal Arroyo
183. Pineda	184. Rodriguez
185. Maceda	186. Lagon
187. Arbison	188. Puno
189. Celeste	190. Bordado
191. Sangcopan	192. Marquez
193. Saulog	194. Mangaoang
195. Yu	196. Ermita-Buhain
197. Tan (S.A.)	198. Leachon
199. Sinsuat	200. Ferrer (J.M.)
201. Robes	202. Go (E.C.)
203. Calixto	204. Nava
205. Romualdez (F.M.)	206. Romualdez (Y.M.)
207. Palma	208. Baronda
209. Uy (R.)	210. Lim
211. Dimaporo (M.K.)	212. Calderon
213. Fariñas (R.C.)	214. Torres-Gomez
215. Dujali	216. Ortega
217. Gonzaga	218. Mangudadatu
219. Villarica
ACTIONS TAKEN BY THE COMMITTEE
COMMITTEE REPORT NO. 00572
SUBMITTED ON 2020-11-03
SUBMITTED BY: OVERSEAS WORKERS AFFAIRS, WAYS AND MEANS
RECOMMENDATIONS: Recommending its approval in substitution of House Bill No. 826
COMMITTEE REPORT AUTHORS : GONZALES, AURELIO "DONG" JR. D., MENDOZA, RAYMUND DEMOCRITO C., SALCEDA, JOEY SARTE, BASCUG, ALFEL M., COLLANTES, MA. THERESA V., CRISOLOGO, ANTHONY PETER "ONYX" D., DAGOOC, SERGIO C., DEFENSOR, LORENZ R., DELOSO-MONTALLA, CHERYL P., DUAVIT, JOHN MICHAEL R., DY, FAUSTINO MICHAEL CARLOS III T., EBCAS, ADRIANO A., ELAGO, SARAH JANE I., GARIN, SHARON S., GO, MARK O., HARESCO, TEODORICO JR. T., LACSON, VIRGILIO S., NOGRALES, JERICHO JONAS B., ONG, JOSE "JUN" JR. L., PADIERNOS, JOSE GAY G., SAVELLANO, DEOGRACIAS VICTOR "DV" B., SUANSING, ESTRELLITA B., SUANSING, HORACIO JR. P., SUNTAY, JESUS "BONG" C., SALVADOR-TAMBUNTING, JOY MYRA, VIOLAGO, MICAELA S., VILLA, JAKE VINCENT, ARENAS, ROSE MARIE "BABY" J., FUENTEBELLA, ARNIE B., QUIMBO, STELLA LUZ A., SINGSON-MEEHAN, KRISTINE, TAN, ALYSSA SHEENA P., ABU, RANEO "RANIE" E., SALO, RON P., DIMAPORO, ABDULLAH D., CASTRO, FRANCE L., SALIMBANGON, JANICE Z., ESPINO,JUMEL ANTHONY I., GATCHALIAN, WESLIE T., JIMENEZ, CESAR "JAWO" JR. I., TEJADA, JOSE "PING-PING" I., CHIPECO, JOAQUIN JR. M., NOLASCO, RAMON JR. C., SUAREZ, ALETA C., ROMERO, MICHAEL ODYLON L., ECLEO, ALAN I B., GARCIA, JOSE ENRIQUE "JOET" III S., PIMENTEL, JOHNNY TY, TOLENTINO, ABRAHAM "BAMBOL" N., TULFO, JOCELYN P., LARA, JOSEPH "JOJO" L., OUANO-DIZON, EMMARIE "LOLYPOP", PANOTES, MARISOL C., TUTOR, KRISTINE ALEXIE B., GAITE, FERDINAND R., LUSOTAN, MACNELL, ONG, RONNIE L.
SUBSTITUTED BILLS: HB00826
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON RULES ON 2020-11-16
DATE INCLUDED IN OB: 2020-11-16
DATE CALENDARED : 2020-11-25
SECOND READING INFORMATION
PERIOD OF SPONSORSHIP : 2020-12-07
SPONSORED BY : Romualdo
DATE SPONSORSHIP/DEBATE CLOSED: 2020-12-07
FINAL LIST OF AUTHORS : Gonzales (A.), Mendoza, Salceda, Bascug, Collantes, Crisologo, Dagooc, Defensor (L.), Deloso-Montalla, Duavit, Dy (F.M.C.), Ebcas, Elago, Garin (S.), Go (M.), Haresco, Lacson, Nograles (J.J.), Ong (J.), Padiernos, Savellano, Suansing (E.), Suansing (H.), Suntay, Salvador-Tambunting, Violago, Villa, Arenas, Fuentebella, Quimbo, Singson-Meehan, Tan (A.S.), Abu, Salo, Dimaporo (A.), Castro (F.L.), Salimbangon, Espino, Gatchalian, Jimenez, Tejada, Chipeco, Nolasco, Suarez (A.), Romero, Garcia (J.E.), Pimentel, Tolentino, Tulfo, Lara, Ouano-Dizon, Panotes, Tutor, Gaite, Lusotan, Ong (R.), Gullas, Paduano, Velasco, Legarda, Caoagdan, Vargas Alfonso, Martinez, Pacquiao (R.), Bautista-Bandigan, Pancho, Delos Santos, Defensor (M.), Alvarez (F.), Gorriceta, Arroyo, Bañas-Nograles, Nieto, Campos, Vargas, Ramos, Castelo, Caminero, Barba, Eriguel, Momo, Bravo, Tupas, Peña, Lagman, Aragones, Babasa, Tiangco, Acop, Ruiz Daza, Co (A.N.), Gato, Chungalao, Revilla, Sanchez, Abellanosa, Cuaresma, Espina, Olivarez, Gonzalez, Mariano-Hernandez, Acosta, Valeriano, Chatto, Natividad-Nagaño, Tan (A.), Ramirez-Sato, Escudero, Loyola, Santos-Recto, Barbers, Garcia (V.), Herrera-Dy, Del Mar, Zamora (R.), Benitez, Fortuno, Aumentado, Lacson-Noel, Belmonte, Limkaichong, Vergara, Ferrer (L.), Fortun, Cabochan, Reyes, Dy (F.), Sarmiento, Dalog, Villar, Aglipay, Umali (M.V.), Hernandez, Alonte, Noel, Pacquiao (A.), Advincula, Matugas, Bernos, Tallado, Roman, Cagas, Bautista, Balindong, Siao, Villaraza-Suarez, Albano (A.), Dy (I.P.), Abueg-Zaldivar, Cua, Madrona, Gasataya, Cueva, Lazatin, Valmayor, Oaminal, Ty (D.), Enverga, Cabredo, Bustos, Abante, Gonzales (N.), Abunda, Adiong, Radaza, Agabas, Bagatsing, Bolilia, Kho (E.), Labadlabad, Guico, Roque, Javier, Garin (J.), Khonghun, Erice, Umali (A.), Zubiri, Lopez (M.L.), Estrella, Hataman, Macapagal Arroyo, Pineda, Rodriguez, Maceda, Lagon, Arbison, Puno, Celeste, Bordado, Sangcopan, Marquez, Saulog, Mangaoang, Yu, Ermita-Buhain, Tan (S.A.), Leachon, Sinsuat, Ferrer (J.M.), Robes, Go (E.C.), Calixto, Nava, Romualdez (F.M.), Romualdez (Y.M.), Palma, Baronda, Uy (R.), Lim, Dimaporo (M.K.), Calderon, Fariñas (R.C.), Torres-Gomez, Dujali, Ortega, Gonzaga, Mangudadatu, Villarica
DATE APPROVED ON SECOND READING : 2020-12-07
THIRD READING INFORMATION
DATE COPY DISTRIBUTED TO MEMBERS: 2020-12-10
DATE APPROVED BY THE HOUSE ON THIRD READING :2020-12-15
THIRD READING TITLE : AN ACT PROVIDING FOR PROTECTION OF THE REMITTANCES OF OVERSEAS FILIPINO WORKERS
HOUSE VOTES: YEAS:224 NAYS:0 ABSTAIN:.0
Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A)
Y---Abante	X---Abaya
Y---Abellanosa	Y---Abu
Y---Abueg-Zaldivar	Y---Abunda
Y---Acop	Y---Acosta
Y---Acosta-Alba	Y---Adiong
Y---Advincula	Y---Agabas
Y---Agarao	Y---Aglipay
Y---Albano (A.)	D---Albano (R.)--(N/A)
Y---Vargas Alfonso	Y---Almario
X---Alonte	Y---Alvarez (F.)
Y---Alvarez (G.)	X---Alvarez (P.)
Y---Amante-Matba	X---Amatong
D---Andaya--(N/A)	Y---Angara
Y---Aragones	Y---Arbison
X---Arenas	Y---Macapagal Arroyo
Y---Arroyo	X---Atienza
X---Aumentado	Y---Babasa
X---Bagatsing	Y---Bainto-Aguinaldo
Y---Balindong	X---Bañas-Nograles
Y---Barba	Y---Barbers
X---Baronda	Y---Barzaga
Y---Bascug	X---Bautista
Y---Bautista-Bandigan	Y---Belmonte
Y---Benitez	X---Bernos
X---Biazon	Y---Billones
Y---Biron	Y---Bolilia
Y---Bondoc	Y---Bordado
Y---Bravo	Y---Brosas
X---Bulut	X---Bustos
Y---Cabatbat	Y---Cabochan
Y---Cabredo	Y---Cagas
Y---Calderon	Y---Calixto
Y---Caminero	Y---Campos
X---Canama	Y---Caoagdan
Y---Cardema	X---Cari
X---Castelo	Y---Castro (F.L.)
Y---Castro (F.H.)	Y---Cayetano (A.P.)
Y---Cayetano (M.L.)	Y---Celeste
Y---Chatto	Y---Chipeco
Y---Chungalao	X---Co (A.N.)
Y---Co (E.)	X---Cojuangco
Y---Collantes	Y---Crisologo
Y---Cua	X---Cuaresma
Y---Cueva	Y---Cullamat
Y---Dagooc	Y---Dalipe
Y---Dalog	D---Datol--(N/A)
Y---Ruiz Daza	Y---De Jesus
Y---De Venecia	Y---Defensor (L.)
Y---Defensor (M.)	D---Del Mar--(N/A)
Y---Delos Santos	Y---Deloso-Montalla
Y---Dimaporo (A.)	Y---Dimaporo (M.K.)
X---Duavit	Y---Dujali
Y---Duterte	Y---Dy (F.M.C.)
Y---Dy (F.)	Y---Dy (I.P.)
X---Ebcas	Y---Ecleo
Y---Elago	Y---Enverga
Y---Erice	Y---Eriguel
X---Ermita-Buhain	Y---Escudero
Y---Espina	Y---Espino
Y---Estrella	Y---Fariñas (R.C.)
X---Fariñas I (R.C.)	X---Fernandez
Y---Fernando	Y---Ferrer (J.M.)
Y---Ferrer (L.)	Y---Flores
D---Fongwan--(N/A)	X---Fortun
Y---Fortuno	Y---Frasco
Y---Fuentebella	Y---Gaite
Y---Garbin	Y---Garcia (J.E.)
Y---Garcia (P.J.)	Y---Garcia (V.)
Y---Garin (J.)	Y---Garin (S.)
Y---Gasataya	Y---Gatchalian
Y---Gato	Y---Geron
X---Go (E.C.)	Y---Go (M.)
X---Torres-Gomez	X---Gonzaga
X---Gonzales (A.)	Y---Gonzales (N.)
Y---Gonzalez	Y---Gorriceta
X---Guico	Y---Gullas
X---Guya	X---Haresco
Y---Hataman	Y---Hernandez
Y---Herrera-Dy	X---Hofer
Y---Jalosjos	Y---Javier
Y---Jimenez	Y---Kho (E.)
X---Kho (W.)	X---Khonghun
Y---Labadlabad	X---Lacson
Y---Lacson-Noel	Y---Lagman
Y---Lagon	Y---Lara
Y---Lazatin	Y---Leachon
Y---Legarda	Y---Lim
Y---Limkaichong	Y---Lopez (M.L.)
Y---Loyola	Y---Lusotan
Y---Maceda	Y---Madrona
Y---Malapitan	Y---Mangaoang
Y---Mangudadatu	Y---Marcoleta
Y---Mariano-Hernandez	X---Mariño
Y---Marquez	Y---Martinez
X---Matba	Y---Matugas
X---Mendoza	X---Mercado
Y---Momo	Y---Natividad-Nagaño
X---Nava	Y---Nieto
Y---Noel	X---Nograles (J.J.)
X---Nograles (J.F.F.)	X---Nolasco
X---Nuñez-Malanyaon	Y---Oaminal
Y---Olivarez	Y---Ong (J.)
Y---Ong (R.)	Y---Ordanes
X---Ortega	Y---Ouano-Dizon
X---Pacquiao (A.)	Y---Pacquiao (R.)
Y---Padiernos	Y---Paduano
Y---Palma	Y---Pancho
X---Panotes	Y---Peña
Y---Pichay	X---Pimentel
X---Pineda	Y---Plaza
Y---Puno	Y---Quimbo
Y---Radaza	Y---Ramirez-Sato
D---Ramos--(N/A)	Y---Remulla
Y---Revilla	Y---Reyes
Y---Rivera	Y---Robes
Y---Rodriguez	Y---Roman
X---Romero	Y---Romualdez (F.M.)
Y---Romualdez (Y.M.)	Y---Romualdo
Y---Romulo	Y---Roque
Y---Sacdalan	Y---Sagarbarria
Y---Sakaluran	Y---Salceda
Y---Salimbangon	Y---Salo
Y---Salvador-Tambunting	Y---Sanchez
Y---Sangcopan	Y---Santos-Recto
Y---Sarmiento	Y---Saulog
Y---Savellano	Y---Siao
X---Silverio	X---Singson
Y---Singson-Meehan	X---Sinsuat
Y---Suansing (E.)	Y---Suansing (H.)
Y---Suarez (A.)	X---Suarez (D.)
Y---Suntay	X---Sy-Alvarado
X---Taduran	X---Tallado
X---Tan (A.S.)	X---Tan (A.)
X---Tan (S.)	X---Tan (S.A.)
Y---Tan-Tambut	X---Tejada
Y---Teves (A.)	Y---Teves (J.)
Y---Tiangco	X---Tolentino
X---Tulfo	Y---Tupas
Y---Tutor	X---Ty (A.)
Y---Ty (D.)	Y---Umali (A.)
Y---Umali (M.V.)	Y---Unabia
Y---Ungab	X---Uy (J.)
Y---Uy (R.)	Y---Valeriano
Y---Valmayor	Y---Vargas
Y---Velasco	X---Veloso
Y---Vergara	X---Villa
X---Villafuerte	Y---Villanueva (E.)
Y---Villanueva (N.)	X---Villar
X---Villaraza-Suarez	X---Villarica
Y---Violago	Y---Yap (E.)
X---Yap (V.)	Y---Yu
Y---Zamora (R.)	Y---Zamora (W.K.)
Y---Zarate	Y---Zubiri
DATE TRANSMITTED TO THE SENATE: 2020-12-16
ACTIONS TAKEN BY THE SENATE/HOUSE
DATE RECEIVED BY THE SENATE: 2020-12-16
REMARKS :

Senate Legislative History

Entitled:

AN ACT PROVIDING FOR PROTECTION OF THE REMITTANCES OF OVERSEAS FILIPINO WORKERS

[ SECOND REGULAR SESSION, 18TH CONGRESS ]

[ 2020 ]

Introduced by Representatives AURELIO JR. "DONG" D. GONZALES, RAYMOND DEMOCRITO C. MENDOZA, JOEY SARTE SALCEDA, ALFEL M. BASCUG, MA. THERESA V. COLLANTES, et. al.;

Approved on Third Reading by the House of Representatives on December 15, 2020;

12/16/2020 Sent to the Senate requesting for concurrence;

[ 2021 ]

1/19/2021 Read on First Reading and Referred to the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and LABOR, EMPLOYMENT AND HUMAN RESOURCES DEVELOPMENT;

7/22/2021 Conducted JOINT COMMITTEE MEETINGS/HEARINGS;

Seeks to 1.) provide for a mandatory discount of 50% of the remittance fees imposed by bank and non-bank financial intermediaries; 2.) provide for tax incentives to intermediaries which shall provide for such discounts; 3.) prohibit intermediaries from raising their current remittances fees without prior consultation with the Department of Finance (DOF), Bangko Sentral ng Pilipinas (BSP), and the Philippine Overseas Employment Administration (POEA).Mandates government agencies to provide financial education programs to OFWs and their families.

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

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Committee Details

Legislative History

Senate Legislative History

Abstract

Entitled:
AN ACT PROVIDING FOR PROTECTION OF THE REMITTANCES OF OVERSEAS FILIPINO WORKERS
[ SECOND REGULAR SESSION, 18TH CONGRESS ]
[ 2020 ]
Introduced by Representatives AURELIO JR. "DONG" D. GONZALES, RAYMOND DEMOCRITO C. MENDOZA, JOEY SARTE SALCEDA, ALFEL M. BASCUG, MA. THERESA V. COLLANTES, et. al.;
Approved on Third Reading by the House of Representatives on December 15, 2020;
12/16/2020	Sent to the Senate requesting for concurrence;
[ 2021 ]
1/19/2021	Read on First Reading and Referred to the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and LABOR, EMPLOYMENT AND HUMAN RESOURCES DEVELOPMENT;
7/22/2021	Conducted JOINT COMMITTEE MEETINGS/HEARINGS;