Bill Type
Long Title
AN ACT AFFORDING MORE PROTECTION TO CONSUMERS OF FINANCIAL PRODUCTS AND SERVICES
Short Title
FINANCIAL PRODUCTS AND SERVICES CONSUMER PROTECTION ACT
Text as Filed - Per Committee Report (File)
Text as Filed - Third Reading (File)
Sponsor
Date filed
January 24, 2022
Scope
Legislative Status Date
Session Sequence No.
35
Session Type
Document Certification

Committee Details

Committee Report No.
505

Floor Activity

Floor Activity

Date

Parliamentary status

Senator(s)

1/25/2022
Sponsorship Speech
Poe, Grace

1/25/2022
Co-Sponsorship Speech
Zubiri, Juan Miguel "Migz" F.Gatchalian, WinVillanueva, Joel

2/2/2022
Period of Interpellation Closed

2/2/2022
Period of Individual Amendments

2/2/2022
Period of Individual Amendments Closed

2/2/2022
Period of Committee Amendments Closed

Legislative History

Entitled:
AN ACT AFFORDING MORE PROTECTION TO CONSUMERS OF FINANCIAL PRODUCTS AND SERVICES
[ THIRD REGULAR SESSION, 18TH CONGRESS ]
[ 2022 ]
1/24/2022 Prepared and submitted jointly by the Committees on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and TRADE, COMMERCE AND ENTREPRENEURSHIP with Senators MANUEL "LITO" M. LAPID, JUAN MIGUEL "MIGZ" F. ZUBIRI, SONNY ANGARA, RAMON BONG REVILLA JR., GRACE POE, WIN GATCHALIAN, IMEE R. MARCOS and JOEL VILLANUEVA as authors per Committee Report No. 505, recommending its approval in substitution of SBNos. 60, 534, 1329, 1335, 1739, and 2287, taking into consideration HBN-6768;
1/25/2022 Committee Report Calendared for Ordinary Business;
1/25/2022 Sponsor: Senator GRACE POE;
1/25/2022 Transferred from the Calendar for Ordinary Business to the Calendar for Special Order;
1/25/2022 Sponsorship speech of Senator GRACE POE;
1/25/2022 Co-sponsorship speech of Senators JUAN MIGUEL "MIGZ" F. ZUBIRI, WIN GATCHALIAN;
1/25/2022 Senator JOEL VILLANUEVA was made co-author and co-sponsor;
2/2/2022 Period of interpellation closed;
2/2/2022 Period of committee amendments closed;
2/2/2022 Period of individual amendments;
2/2/2022 Period of individual amendments closed;
2/2/2022 Approved on Second Reading with Amendments;
2/2/2022 Certified by the President of the Philippines for its IMMEDIATE enactment on 02/02/2022;
2/2/2022 Approved on Third Reading;
2/3/2022 Sent to the House of Representatives requesting for concurrence;
2/3/2022 House of Representatives adopted SBN-2488 as an amendment to HBN-6768 on February 2, 2022;
3/23/2022 Letter from Secretary Myra Marie D. Villarica, dated March 16, 2022, transmitting nine (9) enrolled copies of the consolidated version of SBN-2488 and HBN-6768, for the signature of Speaker Allan Jay Q. Velasco and Secretary General Mark Llandro L. Mendoza
3/30/2022 Letter for Senate Secretary Myra Marie D. Villarica, returning eight (8) enrolled copies of the consolidated version of SBN-2488 and HBN-6768, which were signed by Speaker Lord Allan Jay Q. Velasco and Secretary General Mark Llandro L. Mendoza;
4/6/2022 Enrolled copies of the consolidated version of SBN-2488 and HBN-6768, sent to the Office of the President through PLLO for the signature of the President, His Excellency, President Rodrigo Roa Duterte;
5/19/2022 Approved and signed into law, in consolidation with HBN-6788, by the President of the Philippines, His
Excellency, President Rodrigo Roa Duterte on May 6, 2022 and became
5/19/2022 REPUBLIC ACT NO. 11765.

President's Action

Approved by the President
Date Received by the President
Date Signed by the President