Bill Type
Congress Name
Long Title
AN ACT REQUIRING CAR COMPANIES TO PUT UP SUB-ASSEMBLY PLANTS FOR THE LOCAL MANUFACTURE OF CERTAIN CAR OR AUTO PARTS
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 101, 12th Congress of the Republic |
| FULL TITLE : AN ACT REQUIRING CAR COMPANIES TO PUT UP SUB-ASSEMBLY PLANTS FOR THE LOCAL MANUFACTURE OF CERTAIN CAR OR AUTO PARTS |
| ABSTRACT : Car manufacturing is undubtedly a profitable industry raking millions of millions in profits. However, since the motoring public buy their car or auto parts at prices that are not well within their financial capacity, the author of this bill envisions that if the car companies could be indeed be required to set up sub-assembly lines with the use of local raw materials and local labor, then it will not only generate employment opportunities but it will significantly lower the prices of these caror auto parts. |
| PRINCIPAL AUTHOR/S : SYJUCO, AUGUSTO JR. L |
| DATE FILED : 2001-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Zialcita (016 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON TRANSPORTATION AND COMMUNICATIONS ON 2001-07-24 |
Abstract
Car manufacturing is undubtedly a profitable industry raking millions of millions in profits. However, since the motoring public buy their car or auto parts at prices that are not well within their financial capacity, the author of this bill envisions that if the car companies could be indeed be required to set up sub-assembly lines with the use of local raw materials and local labor, then it will not only generate employment opportunities but it will significantly lower the prices of these caror auto parts.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.