Bill Type
Congress Name
Long Title
AN ACT PRESCRIBING A FAIR COMPETITION LAW, AND THE CREATION OF A FAIR TRADE COMMISSION AND FOR OTHER PURPOSES
Date filed
August 1, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01678 | |
| FULL TITLE : AN ACT PRESCRIBING A FAIR COMPETITION LAW, AND THE CREATION OF A FAIR TRADE COMMISSION AND FOR OTHER PURPOSES | |
| SHORT TITLE : "Fair Competition Law of the Philippines" | |
| ABSTRACT : "Fair Competition Law of the Philippines". This bill aims to level the business playing field by strengthening the legal and institutional framework that would combat unfair trade practices. Among the key features of the measure include: a) the creation of a Fair Trade Commission that shall investigate, gather evidence and initiate prosecution of those engaged in unfair trade practices; b) the description of monopoly power or market abuse; and c) the imposition of defined sanctions to key officials of companies that violate fair competition. (Antitrust Bill) | |
| PRINCIPAL AUTHOR/S : DE VENECIA, JOSE JR. C. | |
| DATE FILED : 2007-08-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Chatto (029 ) | 2. Mangudadatu (012 ) |
| 3. Teodoro (022 ) | 4. Villarosa (024 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2010-02-01 | |
| 2. Approved by the Committee on Appropriations on 2010-02-01 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2007-08-13 |
Abstract
"Fair Competition Law of the Philippines". This bill aims to level the business playing field by strengthening the legal and institutional framework that would combat unfair trade practices. Among the key features of the measure include: a) the creation of a Fair Trade Commission that shall investigate, gather evidence and initiate prosecution of those engaged in unfair trade practices; b) the description of monopoly power or market abuse; and c) the imposition of defined sanctions to key officials of companies that violate fair competition. (Antitrust Bill)
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.