The proposed Overseas Filipino Workers Remittance Protection Act would cut remittance fees in half, force money‑transfer agents to display the peso value of foreign currencies, stop fee hikes unless the government is consulted, and require free financial‑literacy training for OFWs and their families. Violations could lead to jail time and hefty fines.
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/HB07414. Status changes over time; check the link for the latest.
HB07414 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.