Financial institutions
EMERGENCY FINANCIAL STABILITY AND CONSUMER PROTECTION ACT
Senate Bill No. 2121, known as the Emergency Financial Stability and Consumer Protection Act, aims to grant the Bangko Sentral ng Pilipinas (BSP) emergency regulatory powers over supervised financial institutions during a declared national emergency.
GENERAL TAX AMNESTY ACT OF 2026
The General Tax Amnesty Act of 2026 provides a one-time opportunity for taxpayers to settle all unpaid internal revenue taxes for taxable year 2024 and prior years, aiming to improve tax compliance and broaden the tax base.
FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING COUNCIL
Senate Bill No. 1983 aims to strengthen the Anti-Money Laundering Council (AMLC) by enhancing its authority, expanding the scope of covered persons, and updating provisions related to money laundering offenses.
FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING ACT
This bill aims to strengthen the Anti-Money Laundering Act by amending provisions related to the Anti-Money Laundering Council's authority, customer identification requirements, and reporting obligations for covered institutions.
STRENGTHENING THE ANTI-MONEY LAUNDERING COUNCIL
This bill aims to strengthen the Anti-Money Laundering Council (AMLC) by amending the Anti-Money Laundering Act of 2001. It seeks to enhance the AMLC's authority and operational capacity to combat money laundering and terrorism financing, particularly in light of international compliance standards set by the Financial Action Task Force (FATF).
AMENDING R.A. NO. 1405 (SECRECY OF BANK DEPOSITS LAW)
This bill amends the Secrecy of Bank Deposits Law to enhance transparency in banking operations and strengthen anti-corruption measures. It allows for certain disclosures of bank deposits under specific conditions, particularly in cases of fraud or misconduct by public officials.
FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING COUNCIL
This bill aims to strengthen the Anti-Money Laundering Council (AMLC) by amending the Anti-Money Laundering Act of 2001. It includes provisions for the inclusion of virtual asset service providers, enhanced powers for the AMLC, and stricter compliance measures for covered persons.
FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING COUNCIL
This bill aims to strengthen the Anti-Money Laundering Council (AMLC) by amending the Anti-Money Laundering Act of 2001. It includes provisions for the authority to suspend transactions, freeze assets without a court order, and expand the AMLC's capabilities to combat money laundering and terrorism financing effectively.
AMENDING REPUBLIC ACT NO. 1405 (BANK SECRECY ACT)
Senate Bill No. 1364 aims to amend the Bank Secrecy Act to allow courts or investigating bodies to examine the bank deposits of public officials, addressing concerns about the misuse of bank secrecy by corrupt officials.
PRE-APPROVED CREDIT CARD PROHIBITION ACT
The Pre-Approved Credit Card Prohibition Act aims to prohibit the issuance of unsolicited credit cards without consumer consent and establishes penalties for violations.
WAREHOUSE RECEIPTS ACT OF 2025
The Warehouse Receipts Act of 2025 aims to modernize the existing warehouse receipts law to facilitate trade and commerce, particularly benefiting the agricultural sector by allowing farmers to use their harvest as collateral for loans. It establishes an online registry for warehouse receipts and creates the Warehousing Accreditation Council to oversee warehouse operations and ensure compliance with standards.
NEW LAND BANK OF THE PHILIPPINES ACT
The bill aims to provide a new charter for the Land Bank of the Philippines, enhancing its role in agricultural and rural development while repealing certain provisions of the Agricultural Land Reform Code.
FAIR DEBT COLLECTION PRACTICES ACT
The Fair Debt Collection Practices Act aims to regulate debt collection practices to protect debtors from abusive, deceptive, and unfair treatment by lenders and debt collectors. It establishes clear definitions, prohibitions against harassment, and guidelines for acceptable debt collection practices.
PHILIPPINE SCAM PREVENTION CENTER (PSPC) ACT
The bill establishes the Philippine Scam Prevention Center (PSPC) to combat online and digital fraud, providing a framework for coordination among various government and private entities.