Bill Type
Congress Name
Long Title
AN ACT AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT 7394, OTHERWISE KNOWN AS THE CONSUMER ACT OF THE PHILIPPINES, DEFINING FOR THE PURPOSE THE CRIME OF PSEUDO-INVESTMENTS, PROVIDING PENALTIES THEREFOR AND FOR OTHER PURPOSES.
Date filed
February 2, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB03686 |
| FULL TITLE : AN ACT AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT 7394, OTHERWISE KNOWN AS THE CONSUMER ACT OF THE PHILIPPINES, DEFINING FOR THE PURPOSE THE CRIME OF PSEUDO-INVESTMENTS, PROVIDING PENALTIES THEREFOR AND FOR OTHER PURPOSES. |
| ABSTRACT : The bill defines psuedo-investments such as pyramid sales scheme, ponzi scheme, tele-marketing fraud and technology fraud; and provides stiffer penalties therefore. |
| PRINCIPAL AUTHOR/S : PUENTEVELLA, MONICO O. |
| DATE FILED : 2005-02-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Magsaysay (057 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2005-02-08 |
Abstract
The bill defines psuedo-investments such as pyramid sales scheme, ponzi scheme, tele-marketing fraud and technology fraud; and provides stiffer penalties therefore.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.