16th Congress
Senate Resolution No. 352

MORATORIUM ON THE PAYMENT OF DEBTS AND SIMILAR CHARGES ON FINANCIAL OBLIGATIONS

Filed on November 12, 2013 by Escudero, Francis "Chiz" G.
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Long title

RESOLUTION URGING ALL PUBLIC AND PRIVATE FINANCIAL INSTITUTIONS TO EFFECT A MORATORIUM ON THE PAYMENT OF DEBTS, AS WELL AS THE IMPOSITION OF INTEREST, PENALTIES AND SIMILAR CHARGES ON FINANCIAL OBLIGATIONS OF AFFECTED PRIVATE PERSONS AND PUBLIC CORPORATIONS IN ORDER TO EASE THE BURDEN ON OUR COUNTRYMEN AFFECTED BY THE SPATE OF SEVERE NATURAL AND MAN MADE CALAMITIES THAT HIT THE COUNTRY, AND TO ASSIST IN THE REHABILITATION AND RECONSTRUCTION IN THE AFFECTED AREAS, WITH THE ULTIMATE GOAL OF HELPING OUR COUNTRYMEN TO STAND-UP AND RECOVER FROM THESE CALAMITIES

Scope

National

Legislative status

Pending in the Committee (11/18/2013)
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