HB 1591
House·20th Congress·Filed Jul 8, 2025
An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing Programs for Micro, Small and Medium Enterprises, Amending the Purposes Republic Act No. 6977, as Amended, Otherwise Known as the “magna Carta for Micro, Small and Medium Enterprises (Msmes)”
In plain language
The proposal aims to boost small businesses by guaranteeing them at least 10 % of government purchases, requiring banks to set aside loan funds for MSMEs, and creating a new government‑backed Small Business Corporation with ₱10 billion in capital to provide financing and guarantees.
Business, Trade and IndustryPublic Works and InfrastructureEducation
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HB01591 · Sources: BetterGov Open Congress, BatasWatch