HB 2098

House·20th Congress·Filed Jul 17, 2025

An Act Reinstituting Mandatory Credit Allocation for Micro, Small, and Medium Enterprises, Imposing Fines and Penalties for Noncompliance, and for Other Purposes

In plain language

The bill would require every bank and similar lender to devote at least 8 % of its loan portfolio to micro‑ and small‑business borrowers and 2 % to medium‑size businesses for the next ten years, with penalties and possible jail time for those that do not comply.

Business, Trade and IndustryConsumer Protection

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

Author · Representative

Bernadette Escudero
RepresentativeSorsogon, 1st District
Receipts →

Official sources

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Reinstituting Mandatory Credit Allocation for Micro, Small and Medium Enterprises
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HB 1012· Filed Jul 1, 2025
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SB 931· Filed Aug 5, 2025
Enhancing Credit Support to Micro, Small and Medium Enterprises
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HB 10898· Filed Aug 24, 2026
An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing and Other Support Programs for Micro, Small and Medium Enterprises, Amending for the Purpose Republic Act No. 6977, as Amended, Otherwise Known as the “magna Carta for Micro, Small and Medium Enterprises (Msmes)”
Pending with the Committee on MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT since 2026-08-26Rep. King Collantes

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HB02098 · Sources: BetterGov Open Congress, BatasWatch

An Act Reinstituting Mandatory Credit Allocation for Micro, Small, and Medium Enterprises, Imposing Fines and Penalties for Noncompliance, and for Other Purposes

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress