The OFW Remittance Protection Act would require the central bank to set the lowest possible fees and a special exchange rate for money sent home by overseas Filipino workers, and it creates penalties for banks or money‑transfer firms that do not follow these rules.
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/HB07525. Status changes over time; check the link for the latest.
HB07525 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.