An Act Amending Republic Act No. 3591, as Amended, and Other Related Laws, to Enhance the Liquidation Framework for Banks and Banking Institutions, and to Strengthen the Independence, Authority and Financial Capability of the Philippine Deposit Insurance Corporation, and for Other Purposes
The proposal amends the PDIC law to broaden deposit insurance to non‑bank institutions, give PDIC new powers to access consolidated account data, allow temporary full coverage during crises, create a tax‑exempt subsidiary for faster bank‑asset liquidation, and grant PDIC greater fiscal and administrative independence.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-2199 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.