An Act Granting the Bangko Sentral Ng Pilipinas Emergency Regulatory Powers Over Supervised Institutions During a Declared National Emergency
The bill would let the central bank, the BSP, issue mandatory, temporary rules for banks and other financial firms during a declared national emergency—such as waiving fees, allowing loan payment breaks, and other consumer‑help measures—while requiring the rules to be limited in time, proportionate, and reported to Congress after the crisis.
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-2121. Status changes over time; check the link for the latest.
SBN-2121 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.