Bill Type
Congress Name
Long Title
AN ACT TO REWARD INFORMANTS WHO HELP IDENTIFY, LOCATE AND RECOVER ANY ILL-GOTTEN WEALTH OF THE LATE PRESIDENT FERDINAND E. MARCOS, AND HIS WIDOW, IMELDA R. MARCOS AND OTHER DEFENDANTS OR RESPONDENTS IN ILL-GOTTEN WEALTH CASES WHEREVER LOCATED AND BY WHOMSOEVER HELD AND FOR OTHER PURPOSES
Date filed
July 20, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01525 |
| FULL TITLE : AN ACT TO REWARD INFORMANTS WHO HELP IDENTIFY, LOCATE AND RECOVER ANY ILL-GOTTEN WEALTH OF THE LATE PRESIDENT FERDINAND E. MARCOS, AND HIS WIDOW, IMELDA R. MARCOS AND OTHER DEFENDANTS OR RESPONDENTS IN ILL-GOTTEN WEALTH CASES WHEREVER LOCATED AND BY WHOMSOEVER HELD AND FOR OTHER PURPOSES |
| ABSTRACT : The bill offers the following rewards to informants who help in the recovery of any Marcos ill-gotten wealth: 1) For individuals - a) 10% of the amount recovered if less than US$100 million; b) 7% of amount recovered if US$100 million but less than US$500 million; c) 5% of amount recovered if US$500 million and more; and 2) For juridical informants, 15% of amount recovered. |
| PRINCIPAL AUTHOR/S : CAGAS, DOUGLAS RA. |
| DATE FILED : 2004-07-20 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON JUSTICE ON 2005-01-12 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON GOOD GOVERNMENT |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO APPROPRIATIONS on 2004-08-03;SECONDARILY REFERRED TO GOOD GOVERNMENT on 2004-08-03; |
Abstract
The bill offers the following rewards to informants who help in the recovery of any Marcos ill-gotten wealth: 1) For individuals - a) 10% of the amount recovered if less than US$100 million; b) 7% of amount recovered if US$100 million but less than US$500 million; c) 5% of amount recovered if US$500 million and more; and 2) For juridical informants, 15% of amount recovered.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.