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House Bill No. 3819 : An Act Establishing a Credit Information System and for Other Purposes

MEMORANDUM

To: All Federation Presidents

From: Gen. William K. Hotchkiss AFP (Ret)

Subject: House Bill No. 3819

Date: September 6, 2005


Attached for your reference, is a copy of House Bill No. 3819, under the sponsorship of Hon. Juan Edgardo M. Angara and Hon. Vicente P. Crisologo otherwise known as “An Act Establishing a Credit Information System, and for other Purposes.”

This Bill, which provides for the creation of a Credit Information Bureau with the Bangko Sentral ng Pilipinas (BSP) as its major shareholder, will benefit the rural banks by making their credit operations cost-efficient and accurate.

In this connection, may we request you to lobby your respective Congressmen to support the immediate passage of this Bill.

Thank you for your valuable support.

HOUSE BILL NO. 3819