Bill Type
Congress Name
Long Title
AN ACT PROHIBITING THE PRACTICE OF OFFERING, GIVING OR ATTEMPTING TO GIVE OF OFFER, OR ACCEPTING A KICKBACK IN ANY KIND OF COMMERCIAL TRANSACTIONS, AND FOR OTHER PURPOSES
Date filed
July 1, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00256 |
| FULL TITLE : AN ACT PROHIBITING THE PRACTICE OF OFFERING, GIVING OR ATTEMPTING TO GIVE OF OFFER, OR ACCEPTING A KICKBACK IN ANY KIND OF COMMERCIAL TRANSACTIONS, AND FOR OTHER PURPOSES |
| ABSTRACT : Defines "KICKBACK" as money, fee, comission, credit, gift, gratuity, thing of value or compensation of any kind given directly or indirectly by a contractor, employee representative or agent, seller, lessor, lessee, owner or buyer in exchange for favorable treatment in a transaction. Declares the practice punishable by imprisonment from five (5) to 20 years, a fine of P5,000.00 or three (3) times the amount of the value involved. |
| PRINCIPAL AUTHOR/S : GOLEZ, ROILO S. |
| DATE FILED : 1998-07-01 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON REVISION OF LAWS ON 1998-07-28 |
Abstract
Defines "KICKBACK" as money, fee, comission, credit, gift, gratuity, thing of value or compensation of any kind given directly or indirectly by a contractor, employee representative or agent, seller, lessor, lessee, owner or buyer in exchange for favorable treatment in a transaction. Declares the practice punishable by imprisonment from five (5) to 20 years, a fine of P5,000.00 or three (3) times the amount of the value involved.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.