SB 234
Senate·20th Congress·Filed Jul 7, 2025
Reinstituting Mandatory Credit Allocation for Micro, Small and Medium Enterprises
An Act Reinstituting Mandatory Credit Allocation for Micro, Small and Medium Enterprises, Imposing Fines and Penalties for Noncompliance, and for Other Purposes
In plain language
For ten years, every bank must reserve 8% of its loan portfolio for micro‑ and small businesses and 2% for medium‑size firms, and the central bank can fine or imprison bank officials if they do not comply.
Business, Trade and IndustryConsumer ProtectionPublic Works and Infrastructure
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Author · Senator
Subjects
Micro, Small and Medium Enterprises (Msmes)
Official sources
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SBN-234 · Sources: BetterGov Open Congress, BatasWatch