Bill Type
Congress Name
Long Title
AN ACT CURTAILING THE ILLEGAL ACTIVITIES OF RACKETEERS AND POWERFUL SYNDICATES IN THE PHILIPPINES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 506, 12th Congress of the Republic | |
| FULL TITLE : AN ACT CURTAILING THE ILLEGAL ACTIVITIES OF RACKETEERS AND POWERFUL SYNDICATES IN THE PHILIPPINES | |
| ABSTRACT : "RICO ACT OF 2001." This bill which is commonly called "RICO" is aimed at preventing the use of money and power amassed by organized crime groups to subvert and corrupt legitimate businesses through sequestration of their assets, leading to forfeiture, speedy prosecution and stiffer penalties for criminal offenders. | |
| PRINCIPAL AUTHOR/S : GONZALES, RAUL M. | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Jaraula | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Espino (015 ) | 2. Syjuco (041 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: change of cttee. ref'l from Public Order as per J.21;p.20( dtd. Sept. 5,2001) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-07-24 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS, JUSTICE |
Abstract
"RICO ACT OF 2001." This bill which is commonly called "RICO" is aimed at preventing the use of money and power amassed by organized crime groups to subvert and corrupt legitimate businesses through sequestration of their assets, leading to forfeiture, speedy prosecution and stiffer penalties for criminal offenders.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.