The bill would replace the old Warehouse Receipts Act with a new law that creates a digital, SEC‑run registry for all warehouse receipts, requires warehouses to be accredited and insured, and lets those receipts be used more easily as loan collateral.
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/HB03234. Status changes over time; check the link for the latest.
HB03234 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.