The proposal updates the 1912 Warehouse Receipts Law by requiring only accredited operators to issue receipts, mandating a detailed electronic receipt format, and creating a nationwide online registry managed by the SEC so that farmers and traders can more easily use receipts as collateral for credit.
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/HB01320. Status changes over time; check the link for the latest.
HB01320 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.