HB 7

House·20th Congress·Filed Jun 30, 2025

An Act Promoting Transparent Governance and Instituting Anti-Corruption Mechanisms in the Operation of Banks and Other Financial Institutions, Amending for the Purpose Republic Act No. 1405, Entitled "An Act Prohibiting Disclosure of or Inquiry Into, Deposits with Any Banking Institution and Providing Penalty Therefor"

In plain language

The proposal would let the central bank look into bank accounts of certain insiders when there is reasonable suspicion of fraud, while keeping the information confidential and protecting banks that follow BSP orders.

Government AdministrationJustice and JudiciaryPublic Order and Safety

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Authors · 3 Representatives

Official sources

Similar in what they’d do, filed by any lawmaker.

SB 1649· Filed Jan 7, 2026
Amending R.A. No. 1405 (The Secrecy of Bank Deposits Law)
Consolidated/substituted in the committee reportSen. Raffy T. Tulfo
SB 1047· Filed Aug 6, 2025
Amending Sec. 2 of R.a.. No. 1405 (Secrecy of Bank Deposits Law)
Consolidated/substituted in the committee reportSen. Jinggoy Ejercito Estrada
HB 7859· Filed Feb 18, 2026
An Act Promoting Transparent Governance and Instituting Anti-Corruption Mechanisms in the Operation of Banks and Other Financial Institutions, Amending for the Purpose Republic Act No. 1405, Entitled �an Act Prohibiting Disclosure of or Inquiry Into, Deposits with Any Banking Institution and Providing Penalty Therefor�
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2026-02-23Rep. Eric Go Yap
HB 4388· Filed Sep 8, 2025
An Act Promoting Transparent Governance and Instituting Anti-Corruption Mechanisms in the Operation of Banks and Other Financial Institutions, Amending for the Purpose Republic Act No. 1405, Entitled "An Act Prohibiting Disclosure of or Inquiry Into, Deposits with Any Banking Institution and Providing Penalty Therefor"
Substituted by HB06707Rep. Bryan B. Revilla +2
HB 3196· Filed Aug 6, 2025
An Act Promoting Transparent Governance and Instituting Anti-Corruption Mechanisms in the Operation of Banks and Other Financial Institutions, Amending for the Purpose Republic Act No. 1405, Entitled �an Act Prohibiting Disclosure of or Inquiry Into, Deposits with Any Banking Institution and Providing Penalty Therefor�
Substituted by HB06707Rep. Emilio Bernardino L. Yulo

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HB00007 · Sources: BatasWatch

In plain language

Authors · 3 Representatives

Official sources

Related bills · 20th Congress

Related bills · 20th Congress