Bill Type
Congress Name
Long Title
AN ACT TO PLACE SAFETY NETS FOR FILIPINO RICE PRODUCERS BY IMPOSING TARIFFS IN LIEU OF QUANTITATIVE RESTRICTIONS ON RICE IMPORTS, DIRECTING TARIFF COLLECTIONS FROM RICE IMPORTS TO PROJECTS AND PROGRAMS THAT ENHANCE RICE PRODUCTIVITY AND INCREASE FARMERS' INCOMES, AND FOR OTHER PURPOSES
Date filed
August 1, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01679 |
| FULL TITLE : AN ACT TO PLACE SAFETY NETS FOR FILIPINO RICE PRODUCERS BY IMPOSING TARIFFS IN LIEU OF QUANTITATIVE RESTRICTIONS ON RICE IMPORTS, DIRECTING TARIFF COLLECTIONS FROM RICE IMPORTS TO PROJECTS AND PROGRAMS THAT ENHANCE RICE PRODUCTIVITY AND INCREASE FARMERS' INCOMES, AND FOR OTHER PURPOSES |
| SHORT TITLE : "Rice Safety Net Act of 2007" |
| ABSTRACT : "Rice Safety Net Act of 2007". The bill seeks to adopt the use of tariffs in lieu of non-tariff import restrictions to protect local rice producers in a direct and transparent manner and, at the same time, generate revenue necessary to provide the infrastructures and finance the programs that would improve farmers' productivity. The tarrification of rice will stop the destabilizing burden of NFAs intervention mechanisms on the Philippine budget and, at 90% to 100% tariff rate, generate PhP 1.38 billion annually in additional revenues for the government. |
| PRINCIPAL AUTHOR/S : DE VENECIA, JOSE JR. C. |
| DATE FILED : 2007-08-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Chatto (029 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2007-08-13 |
Abstract
"Rice Safety Net Act of 2007". The bill seeks to adopt the use of tariffs in lieu of non-tariff import restrictions to protect local rice producers in a direct and transparent manner and, at the same time, generate revenue necessary to provide the infrastructures and finance the programs that would improve farmers' productivity. The tarrification of rice will stop the destabilizing burden of NFAs intervention mechanisms on the Philippine budget and, at 90% to 100% tariff rate, generate PhP 1.38 billion annually in additional revenues for the government.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.