Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING PROFIT-SHARING IN ALL BUSINESS ENTERPRISES, INCLUDING GOVERNMENT-OWNE D AND CONTROLLED CORPORATIONS
Date filed
August 8, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 2237, 12th Congress of the Republic |
| FULL TITLE : AN ACT ESTABLISHING PROFIT-SHARING IN ALL BUSINESS ENTERPRISES, INCLUDING GOVERNMENT-OWNE D AND CONTROLLED CORPORATIONS |
| ABSTRACT : Rationale: It is the policy of the State to provide labor a fair share of the fruits of production, rationalize income inequalities, expand economic opportunities and pursue economic and social progress, growth and stability by establishing an equitable system of profit-sharing in all business enterprises, including government-owne d and-controlled corporations and entities. |
| PRINCIPAL AUTHOR/S : ESTRELLA, CONRADO III M. |
| DATE FILED : 2001-08-08 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Syjuco (023 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 2001-08-14 |
Abstract
Rationale: It is the policy of the State to provide labor a fair share of the fruits of production, rationalize income inequalities, expand economic opportunities and pursue economic and social progress, growth and stability by establishing an equitable system of profit-sharing in all business enterprises, including government-owne d and-controlled corporations and entities.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.