The Goodbye 5‑6 Act would cap loan interest at 15% per year, force lenders to set aside 8% of loans for small businesses and vulnerable borrowers, ban harassing collection tactics, require clear loan disclosures, and create a council to enforce the rules.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB00241. Status changes over time; check the link for the latest.
HB00241 · Sources: BatasWatch
Status history
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.