Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 7042, AS AMENDED BY REPUBLIC ACT NO. 8179, OTHERWISE KNOWN AS THE FOREIGN INVESTMENTS ACT OF 1991, AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
May 13, 2014
Scope
Legislative History
| House Bill/Resolution NO. HB04402 |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NO. 7042, AS AMENDED BY REPUBLIC ACT NO. 8179, OTHERWISE KNOWN AS THE FOREIGN INVESTMENTS ACT OF 1991, AND FOR OTHER PURPOSES |
| ABSTRACT : Deletes the provision in R.A. 7042, relating to the "practice of profession" from among the items listed under the Foreign Investment Negative List (FINL), and lowers the threshold of employment requirement to 15 direct employees for a $100,00 foreign investment in small and medium-sized domestic market industries. |
| PRINCIPAL AUTHOR/S : AGGABAO, GIORGIDI B. |
| DATE FILED : 2014-05-13 |
| SIGNIFICANCE: NATIONAL |
| NATURE : Economic |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2014-05-20 |
Abstract
Deletes the provision in R.A. 7042, relating to the "practice of profession" from among the items listed under the Foreign Investment Negative List (FINL), and lowers the threshold of employment requirement to 15 direct employees for a $100,00 foreign investment in small and medium-sized domestic market industries.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.