Bill Type
Congress Name
Long Title
AN ACT PRESCRIBING A FAIR COMPETITION LAW, ITS ENFORCEMENT, THE ESTABLISHMENT OF A FAIR TRADE COMMISSION, DELINEATING ITS POWERS AND FUNCTIONS, AND FOR OTHER PURPOSES
Date filed
July 29, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01874 | |
| FULL TITLE : AN ACT PRESCRIBING A FAIR COMPETITION LAW, ITS ENFORCEMENT, THE ESTABLISHMENT OF A FAIR TRADE COMMISSION, DELINEATING ITS POWERS AND FUNCTIONS, 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. | |
| PRINCIPAL AUTHOR/S : DE VENECIA, JOSE JR. C. | |
| DATE FILED : 2004-07-29 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Umali (006 ) | 2. Reyes (007 ) |
| 3. Figueroa (014 ) | 4. Chatto (020 ) |
| 5. Puentevella (045 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2004-08-09 |
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.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.