THIRTEENTH CONGRESS OF THE REPUBLIC 
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OF THE PHILIPPINES 
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S. No. 
Introduced by Senator S. R. Osmeiia 111 
EXPLANATORY NOTE 
Batas Pambansa Bilang 22, otherwise know as the Anti-Bouncing Check 
Law was enacted on April 13, 1979 to provide deterrents against the crime of 
estafa through the issuance of bouncing checks. As provided in the law, any 
person convicted of the crime will be subject to a fine of not less than the amount 
of the check, but not more than double the amount of the check which shall not 
exceed a ceiling of P200,OOO. 
The considerable length of time which has elapsed since the initial 
effectivity of the law, and the inflation effects on the local currency has rendered 
this ceiling obsolete. 
This bill seeks to lift the ceiling to prevent a situation where the offender is 
required to pay a fine that is much less than proportionate to the amount involved 
in the offense. 
In view of the foregoing, early passage of this bill is earnestly requested. 
SERGlO OSMENA 111 
Senator 


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TH CONGRESS OF THE R 
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OF THE PHILIPPINE 
First Regular Session 
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introduced by Senator S. 
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AN ACT 
AMENDING SECTION 1 OF BATAS PAMBANSA BILANG TWENTY TWO (22), 
THE MAXIMUM FINE IMPOSABLE AGAINST THE ISSUANCE OF CHECKS 
WITHOUT SUFFICIENT FUNDS AND FOR OTHER PURPOSES 
OTHERWISE KNOWN AS THE ANTI-BOUNCING CHECK LAW, REMOVING 
Be it enacted by the Senate and House of Representatives of the 
Philippines in Congress assembled: 
SECTION 1. Title I of Batas Pambansa Bilang 22, Paragraph I of 
Section 1, is hereby amended to read as follows: 
"SECTION I. 
Checks without sufficient funds. - Any person 
who makes or draws and issues any checks to apply on account or 
for value, knowing at the time of issue that he does not have 
sufficient funds in or credit with the drawee bank for the payment of 
such check in full upon its presentment, which check is subsequent 
dishonored by the drawee bank for insufficient of funds or credit or 
would have been dishonored for the same reason had not the 
drawer, without any valid reason, ordered the bank to stop 
payment, shall be punished by imprisonment of not less than thirty 
days, but not more than one (1) year or by a fine of not less than 
but not more than double the amount of the check [which fine shall 
in no case exceed Two Hundred Thousand Pesos,] or both such 
fine and imprisonment at the discretion of the court. 


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The same penalty shall be imposed upon any person who, having 
sufficient funds in or credit with the drawee bank when he makes or draws 
and issues a check, shall fail to keep sufficient funds or to maintain a 
credit to cover the full amount of the check if presented within a period of 
ninety (90) days from the date appearing thereon, for which reason it is 
dishonored by the drawee bank. 
Where the check is drawn by a corporation, company or entity, the 
person or persons who actually signed the check in behalf of such drawer 
shall be liable under this Act.” 
SEC. 2. Effectivity C/ause. - This Act shall take effect fifteen (15) days 
after its publication in the Official Gazette or in at least two (2) newspapers of 
general circulation, whichever comes earlier. 
Approved,