HB 802
House·20th Congress·Filed Jul 1, 2025
An Act Authorizing Local Government Units to Engage in Banking Activities and Other Financial Transactions with Private Universal And/Or Commercial Banks
In plain language
The bill would let Philippine local governments open accounts and do other banking business with private banks, set rules for which banks can be used, require reporting and oversight, and include safeguards against conflicts of interest.
Local GovernmentPublic Works and Infrastructure
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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Official sources
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HB00802 · Sources: BetterGov Open Congress, BatasWatch