Committee Jurisdiction: All matters relating to banks, financial institutions, government and private currencies, capital markets, mutual funds, securitization, coinage and circulation of money.

[UPDATE] COMMITTEE ON BANKS


 



[COMMITTEE HEARING]

06 December 2017

Senator Escudero leads the Committee on Banks probe on Senate Resolution 468 that seeks to inquire into possible Anti-Money Laundering Act violations of former COMELEC chairperson Andres Bautista.

The Committee will ask Senate President Pimentel to issue a subpoena for Bautista and invite his brother Martin to attend the hearings.

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[NEWS] SENATE BANKS COMMITTEE TO SUBPOENA BAUTISTA

06 December 2017

The Senate is set to subpoena former Commission on Elections (Comelec) Chair Andres Bautista after he had snubbed an invitation to appear in Wednesday's inquiry into his alleged unexplained wealth.

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[NEWS] SENATE TO SUBPOENA BAUTISTA OVER ILL-GOTTEN WEALTH ISSUE

06 December 2017

MANILA, Philippines — Former Commission on Elections (Comelec) chief Andres Bautista will be cited in contempt by the Senate if he does not heed the subpoena to be issued by the chamber in connection with its inquiry into his alleged ill-gotten wealth, Sen. Francis Escudero warned yesterday.
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[NEWS] LUZON DEVELOPMENT BANK TIED TO BAUTISTA ACCOUNTS, SAYS SEN. ESCUDERO

06 December 2017

The hands of Luzon Development Bank (LDB) are tied when it comes to the supposed accounts of former Commission on Elections (Comelec) Chairman Andres Bautista, Senator Francis Escudero said Wednesday.
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[BATAS NA] REPUBLIC ACT 10927

Senator Escudero, chairperson of the Committee on Banks, has been at the forefront of including casinos under the coverage of the ANTI-MONEY LAUNDERING ACT (AMLA).

The senator hopes the passage of this legislation is enough to avoid a potential Financial Action Task Force (FATF) blacklisting.

The blacklist, he reiterates, will put the Philippines under stringent financial monitoring and affect remittances from overseas Filipino workers (OFWs).

 
COMMITTEE REPORTS
 
PASSED BY BOTH HOUSES
Committee Report No. 105, ANTI-MONEY LAUNDERING (CASINOS AS COVERED PERSONS)
Filed on May 24, 2017
Sponsorship: May 24, 2017

<DOWNLOAD HERE>

Matters reported out :
SBN-1468: Designating Casinos as Covered Persons Under R.A. No. 9160 (Anti-Money Laundering Act of 2001)

Reporting committee(s) : Banks, Financial Institutions and Currencies, Justice and Human Rights

Period of Interpellations: May 24, 2017
Period of Amendments: May 224, 2017
Approved on Second Reading: May 24, 2017
Approved on Third Reading: May 30, 2017
Senate version was adopted by the House of Representatives: May 30, 2017
Remarks: Recommending its Approval Without Amendment

 
PERIOD OF INTERPELLATIONS
Committee Report No. 13, ANTI-MONEY LAUNDERING
Filed on November 29, 2016
Sponsorship: December 5, 2017

<DOWNLOAD HERE>

Matters reported out :
SBN-1256: Anti-Money Laundering Act
SBN-45: Anti-Moneylaundering Act of 2001
SBN-1242: Amending R.A. No. 9160 (Anti-Money Laundering Act)

Reporting committee(s) : Banks, Financial Institutions and Currencies, Justice and Human Rights

Hearing: September 19, 2016
TWGs: November 22, 2016 and
January 24, 2017
Interpellations: February 14, 2017, February 27, 2017
Remarks: Recommending its Approval in Substitution of SBN-45, Taking Into Consideration SBN-1242

 
PERIOD OF INTERPELLATIONS
Committee Report No. 26, THE CENTRAL BANK ACT
Filed on January 17, 2017
Sponsorship on January 23, 2017

<DOWNLOAD HERE>

Matters reported out :
SBN-1297: The New Central Bank Act
SBN-16: The New Central Bank Act
SBN-859: Comprehensive Revision of the Charter of the Bangko Sentral Ng Pilipinas
SBN-1027: Amending the New Central Bank Act
SBN-1148: The New Central Bank Act

Reporting committee(s) : Banks, Financial Institutions and Currencies, Ways and Means

Hearing: September 5, 2016
TWGs: September 13, 2016 and October 11, 2016
Remarks: Recommending its Approval in Substitution of SBNos. 16, 859, 1027 and 1148

 
PERIOD OF INTERPELLATIONS
Committee Report No. 85, NO-COLLATERAL, LOW-INTEREST LOANS TO GRADUATES
Filed on May 16, 2017
Sponsorship on May 22, 2017

<DOWNLOAD HERE>

Matters reported out :
SBN-785: Extending No-Collateral, Low-Interest Loans to Graduates of Any Courses Offered by the Tesda

Reporting committee(s) : Banks, Financial Institutions and Currencies, Labor, Employment and Human Resources Development

Hearing: October 18, 2016
TWG: February 21, 2017
Remarks : Recommending its Approval with Amendments
 
PERIOD OF INTERPELLATIONS
Committee Report No. 86, PERSONAL PROPERTY SECURITY ACT
Filed on May 16, 2017
Sponsorship on May 22, 2017
Sen. Aquino is co-sponsor.
Sens. Villar and Gatchalian were made co-authors.

<DOWNLOAD HERE>


Matters reported out :
SBN-1459: Personal Property Security Act
SBN-354: Secured Transactions Act

Reporting committee(s) : Banks, Financial Institutions and Currencies; Labor, Employment and Human Resources Development

Hearing: September 19, 2016
TWG: October 6, 2016
Remarks : Recommending its Approval with Amendments

 


 

 

 



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