The proposed Anti‑Usury Against Farmers Act would cap interest on loans to small‑holder farmers at 6 % per year, automatically lower the rates on existing loans, require the central bank to set how much banks must lend to farmers, and impose fines or jail time on lenders who charge higher rates.
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/HB09315. Status changes over time; check the link for the latest.
HB09315 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.