Bill Type
Congress Name
Long Title
AN ACT AMENDING PROVISIONS OF REPUBLIC ACT 10667, OTHERWISE KNOWN AS 'AN ACT PROVIDING FOR A NATIONAL COMPETITION POLICY PROHIBITING ANTI-COMPETITIVE AGREEMENTS, ABUSE OF DOMINANT POSITION AND ANTI-COMPETITIVE MERGERS AND ACQUISITIONS, ESTABLISHING THE PHILIPPINE COMPETITION COMMISSION AND APPROPRIATING FUNDS THEREFOR'
Text as filed (link)
Date filed
December 19, 2019
Scope
Legislative History
| House Bill/Resolution NO. HB05906 | |
| FULL TITLE : AN ACT AMENDING PROVISIONS OF REPUBLIC ACT 10667, OTHERWISE KNOWN AS 'AN ACT PROVIDING FOR A NATIONAL COMPETITION POLICY PROHIBITING ANTI-COMPETITIVE AGREEMENTS, ABUSE OF DOMINANT POSITION AND ANTI-COMPETITIVE MERGERS AND ACQUISITIONS, ESTABLISHING THE PHILIPPINE COMPETITION COMMISSION AND APPROPRIATING FUNDS THEREFOR' | |
| ABSTRACT : Seeks to amend the Philippine Competition Act to enhance the PCC's ability to enforce its mandate, particularly in investigating cartels, bid rigging, market foreclosure, and other anti-competitive conduct, as well as imposing various fines, penalties, and remedies.Intends to legislate principles of the National Competition Policy to ensure the competition considerations are included in the formulation and deliberation of government policies; and mandates PCC to review fiscal incentives for anti-competitive effects. | |
| PRINCIPAL AUTHOR/S : QUIMBO, STELLA LUZ A. | |
| DATE FILED : 2019-12-19 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Salvador-Tambunting (000 2021-07-27) | 2. Villarica (000 2021-08-10) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ECONOMIC AFFAIRS ON 2020-01-20 |
Abstract
Seeks to amend the Philippine Competition Act to enhance the PCC's ability to enforce its mandate, particularly in investigating cartels, bid rigging, market foreclosure, and other anti-competitive conduct, as well as imposing various fines, penalties, and remedies.Intends to legislate principles of the National Competition Policy to ensure the competition considerations are included in the formulation and deliberation of government policies; and mandates PCC to review fiscal incentives for anti-competitive effects.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.