SB 585

Senate·20th Congress·Filed Jul 14, 2025

New Land Bank of the Philippines Act

An Act Providing for a New Charter of the Land Bank of the Philippines, Repealing for the Purpose Sections 74 to 100 of Republic Act No. 3844 or the 'agricultural Land Reform Code', as Amended

In plain language

The bill creates a new charter for the Land Bank, raising its capital to ₱1 trillion, allowing it to sell shares and issue bonds, and adding independent directors to its board to improve governance and support farmers, fishers, and small businesses.

Public Works and InfrastructureAgriculture and FisheriesGovernment Administration

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Senator

Mark Villar
SenatorMark Villar
Receipts →

Subjects

Landbank of the Philippines (LBP)Agricultural Land Reform Code (R.A.No. 3844)

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 2867· Filed Aug 4, 2025
An Act Providing for a New Charter for the Land Bank of the Philippines
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-08-06Rep. Wowo Fortes
HB 2413· Filed Jul 28, 2025
An Act Providing for a New Charter of the Landbank of the Philippines
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-08-04Rep. Felimon M. Espares
HB 4569· Filed Sep 15, 2025
An Act Mandating Land Bank of the Philippines (Lbp) to Allocate Sixty (60) Percent of Its Total Loan Portfolio for the Support and Development of Farmers and Fisherfolks in the Philippines, and for Other Purposes
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-09-23Rep. Marlyn L. Primicias-Agabas
HB 7408· Filed Jan 27, 2026
An Act Providing for a New Charter of the Development Bank of the Philippines, Repealing for the Purpose Executive Order No. 81, Otherwise Known as �the 1986 Revised Charter of the Development Bank of the Philippines,� as Amended
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2026-02-02Rep. Wowo Fortes
HB 1107· Filed Jul 2, 2025
An Act Creating the Maharlika Cooperative Agricultural Bank of the Philippines, Providing Funds Therefor, and for Other Purposes
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-07-29Rep. Leody "Odie" F. Tarriela

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SBN-585 · Sources: BetterGov Open Congress, BatasWatch