An Act Providing for the Revised Charter of the Overseas Filipino Bank, Providing Funds Therefor, and for Other Purposes
The bill creates a fully digital bank called OFBank that will serve overseas Filipino workers and their families, offering low‑cost remittance and other financial services, with at least half of its capital owned by OFs and the government keeping a controlling share.
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/SBN-1447. Status changes over time; check the link for the latest.
SBN-1447 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.