Bill Type
Short Title
FOREIGN INVESTMENT LIBERALIZATION ACT
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
56
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Committee Details
House Committee Report link
Legislative History
| House Bill/Resolution NO. HB06395 | |
| REPUBLIC ACT NO. RA10881 | |
| FULL TITLE : AN ACT REMOVING/AMENDING INVESTMENT RESTRICTIONS IN SPECIFIC LAWS GOVERNING ADJUSTMENT COMPANIES, LENDING COMPANIES, FINANCING COMPANIES AND INVESTMENT HOUSES CITED IN THE FOREIGN INVESTMENT NEGATIVE LIST, EXCEPT THOSE IN THE CONSTITUTION | |
| SHORT TITLE : Removing/amending Investment Restrictions In Specific Laws Governing Adjustment Companies, Lending Companies, Financing Companies And Investment Houses Cited In The Foreign Investment Negative List, Except Those In The Constitution | |
| ALIAS NAME : Foreign Investment Liberalization Act | |
| PRINCIPAL AUTHOR/S : AGGABAO, GIORGIDI B., DEL ROSARIO, ANTHONY G. | |
| DATE FILED : 2016-01-25 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Economic | |
| CO-AUTHORS : | |
| 1. Oaminal | 2. Ting |
| 3. Nava (P.) | 4. Amatong (I.) |
| AUTHORS(Final/Third Reading) : | |
| 1. Aggabao | 2. Del Rosario (A.G.) |
| 3. Oaminal | 4. Ting |
| 5. Nava (P.) | 6. Amatong (I.) |
| 7. Olivarez | 8. Rodriguez (R.) |
| 9. Romualdo | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB03023 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00981 | |
| SUBMITTED ON 2016-01-25 | |
| SUBMITTED BY: ECONOMIC AFFAIRS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB05544, HB06325 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2016-01-25 | |
| DATE INCLUDED IN OB: 2016-01-25 | |
| DATE CALENDARED : 2016-01-25 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2016-01-25 | |
| SPONSORED BY : Del Rosario (A.G.) | |
| FINAL LIST OF AUTHORS : Aggabao, Del Rosario (A.G.), Oaminal, Ting, Nava (P.), Amatong (I.), Olivarez, Rodriguez (R.), Romualdo | |
| DATE APPROVED ON SECOND READING : 2016-01-25 | |
| REMARKS : Sponsorship Speech of Rep. Anthony G. del Rosario inserted into the Record of the House on 2016-01-25. | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2016-01-27 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2016-02-01 | |
| HOUSE VOTES: YEAS:126 NAYS:9 ABSTAIN:.0 | |
| Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A) | |
| Y---Abad | X---Abaya |
| X---Abayon | Y---Abellanosa |
| X---Abu | X---Abueg |
| B---Acedillo--(Absent) | Y---Acharon |
| Y---Acop | X---Acosta-Alba |
| Y---Adiong | X---Advincula |
| X---Agarao | Y---Aggabao |
| Y---Aglipay | Y---Agyao |
| Y---Albano | X---Alcala |
| B---Alejano--(Absent) | X---Aliping |
| X---Almario | Y---Almonte |
| Y---Alvarez (F.) | B---Alvarez (M.)--(Absent) |
| X---Amante | X---Amatong (I.) |
| X---Amatong (R.) | B---Andaya--(Absent) |
| X---Angara-Castillo | X---Angping |
| B---Antonino-Nadres--(Absent) | X---Antonio |
| Y---Apostol | Y---Aragones |
| B---Arbison--(Absent) | Y---Arenas |
| X---Arnaiz | Y---Arroyo |
| Y---Asilo | Y---Atienza |
| Y---Aumentado | B---Bag-ao--(Absent) |
| B---Bagatsing--(Absent) | Y---Baguilat |
| Y---Balindong | Y---Banal |
| Y---Barcelona-Reyes | Y---Barzaga |
| Y---Bataoil | Y---Batocabe |
| B---Bautista--(Absent) | X---Bello (S.) |
| D---Bello (W.)--(N/A) | Y---Belmonte (F.) |
| Y---Belmonte (J.) | B---Belmonte (V.)--(Absent) |
| X---Benitez | B---Bernos--(Absent) |
| Y---Biazon | B---Bichara--(Absent) |
| Y---Binay | B---Biron--(Absent) |
| Y---Bondoc | B---Bonoan--(Absent) |
| B---Bravo (A.)--(Absent) | X---Bravo (M.) |
| B---Briones--(Absent) | X---Bulut-Begtang |
| Y---Cabilao | Y---Cagas |
| B---Calalay--(Absent) | Y---Calixto-Rubiano |
| X---Caminero | B---Cari--(Absent) |
| Y---Castelo | X---Castro |
| B---Catamco--(Absent) | B---Cayetano--(Absent) |
| X---Celeste | Y---Cerafica |
| Y---Chipeco | X---Co |
| D---Cojuangco (E.)--(N/A) | X---Cojuangco (K.) |
| X---Collantes | N---Colmenares |
| Y---Cortuna | Y---Cosalan |
| Y---Cruz-Gonzales | X---Cua |
| Y---Cueva | Y---Dalog |
| B---Dayanghirang--(Absent) | N---De Jesus |
| Y---Dela Cruz | Y---De Venecia |
| B---Defensor--(Absent) | Y---Del Mar |
| B---Del Rosario (A.G.)--(Absent) | X---Del Rosario (A.A.) |
| Y---Deloso-Montalla | B---Dimaporo (A.)--(Absent) |
| Y---Dimaporo (I.) | B---Duavit--(Absent) |
| Y---Durano | Y---Dy |
| B---Echiverri--(Absent) | Y---Cerilles |
| X---Enverga | X---Erice |
| X---Eriguel | Y---Ermita-Buhain |
| Y---Escudero | Y---Espina |
| Y---Estrella | Y---Evardone |
| X---Fariñas | Y---Fernandez |
| X---Ferrer (J.) | B---Ferrer (L.)--(Absent) |
| B---Ferriol--(Absent) | Y---Flores |
| X---Fortun | Y---Fortuno |
| B---Fuentebella--(Absent) | B---Garay--(Absent) |
| X---Garcia (E.) | B---Garcia (G.)--(Absent) |
| Y---Garcia-Albano | X---Garin (O.) |
| X---Garin (S.) | X---Gatchalian (S.) |
| Y---Gatchalian (W.) | X---Geron |
| Y---Go (A.C.) | Y---Go (A.F.) |
| Y---Gomez | Y---Gonzales |
| Y---Gonzalez | B---Gorriceta--(Absent) |
| Y---Guanlao | Y---Guiao |
| X---Gullas | X---Gunigundo |
| X---Gutierrez | Y---Hagedorn |
| B---Haresco--(Absent) | B---Hataman-Salliman--(Absent) |
| B---Hernandez--(Absent) | N---Hicap |
| Y---Hofer | N---Ilagan |
| B---Iway--(Absent) | B---Jalosjos--(Absent) |
| X---Javier | Y---Katoh |
| Y---Kho | Y---Khonghun |
| X---Labadlabad | X---Lacson-Noel |
| X---Lagdameo (A.) | B---Lagdameo (M.)--(Absent) |
| B---Lagman--(Absent) | Y---Lanete |
| B---Leachon--(Absent) | B---Ledesma--(Absent) |
| Y---Lee | X---Leonardia |
| X---Leonen-Pizarro | X---Lobregat |
| Y---Loong | B---Lopez (C.)--(Absent) |
| Y---Lopez (C.J.) | X---Loyola |
| B---Macapagal-Arroyo--(Absent) | X---Madrona |
| X---Magsaysay | B---Manalo--(Absent) |
| X---Mangudadatu | X---Marcos |
| Y---Masongsong | B---Matugas--(Absent) |
| Y---Mellana | X---Mendoza (J.) |
| Y---Mendoza (M.) | X---Mendoza (R.) |
| Y---Mercado | X---Mirasol |
| Y---Montejo | Y---Nava (J.) |
| Y---Nava (P.) | Y---Noel |
| B---Nograles--(Absent) | Y---Macrohon-Nuño |
| X---Oaminal | Y---Ocampo |
| Y---Olivarez | Y---Ong |
| Y---Ortega (F.) | Y---Ortega (V.) |
| B---Pacquiao--(Absent) | N---Padilla |
| Y---Paduano | Y---Paez |
| Y---Pagdilao | Y---Pancho |
| X---Panganiban | D---Panotes--(N/A) |
| Y---Pernes | X---Piamonte |
| Y---Pichay | Y---Plaza |
| X---Ponce Enrile | X---Primicias-Agabas |
| Y---Puno | X---Quimbo |
| B---Quisumbing--(Absent) | X---Radaza |
| Y---Ramos | Y---Relampagos |
| X---Revilla | B---Mercado-Revilla--(Absent) |
| D---Reyes--(N/A) | N---Ridon |
| B---Rivera--(Absent) | Y---Robes |
| Y---Gerona-Robredo | Y---Rodriguez (I.) |
| B---Rodriguez (M.)--(Absent) | Y---Rodriguez (O.) |
| Y---Rodriguez (R.) | X---Roman |
| B---Romarate--(Absent) | X---Romualdez |
| Y---Romualdo | Y---Romulo |
| X---Roque | Y---Sacdalan |
| B---Sahali--(Absent) | B---Sakaluran--(Absent) |
| B---Salimbangon--(Absent) | X---Salvacion |
| N---Paquiz | Y---Santiago |
| Y---Sarmiento (C.) | D---Sarmiento (M.)--(N/A) |
| X---Ramirez-Sato | Y---Sema |
| B---Señeres--(Absent) | Y---Singson (E.) |
| B---Singson (R.)--(Absent) | Y---Suansing |
| Y---Suarez | Y---Sy-Alvarado |
| Y---Tambunting | Y---Tan (A.) |
| X---Tan (M.) | X---Tejada |
| X---Teodoro | Y---Teves |
| X---Tiangco | X---Tieng |
| X---Ting | N---Tinio |
| X---Tolentino | Y---Treñas |
| B---Tugna--(Absent) | X---Tupas |
| Y---Turabin-Hataman | X---Ty |
| X---Umali (C.) | X---Umali (R.) |
| X---Unabia | X---Ungab |
| X---Uy (J.) | X---Uy (R.) |
| X---Vargas | Y---Vargas-Alfonso |
| X---Velarde | Y---Velasco, L.A. |
| Y---Velasco, L. | B---Villanueva--(Absent) |
| X---Villar | Y---Villarica |
| X---Violago | B---Yap (A.)--(Absent) |
| Y---Yap (S.) | X---Yu |
| Y---Zamora (M.) | Y---Zamora (R.) |
| N---Zarate | B---Zubiri--(Absent) |
| DATE TRANSMITTED TO THE SENATE: 2016-02-04 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2016-02-04 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2016-02-01 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2016-02-01 | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Del Rosario (A.G.), Aggabao, Cua, Romualdo, Gutierrez, Tinio | |
| CONCOM MEMBERS(SENATE) : Ejercito (J.), Angara (E.), Villar (C.) | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2016-05-23 | |
| DATE SENATE APPROVED CONCOM REPORT : 2016-02-03 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2016-06-16 | |
| DATE ACTED UPON BY THE PRESIDENT : 2016-07-17 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : L | |
| REPUBLIC ACT NO.: RA10881 | |
| ORIGIN : SENATE | |
| REPUBLIC ACT TITLE: AN ACT AMENDING INVESTMENT RESTRICTIONS IN SPECIFIC LAWS GOVERNING ADJUSTMENT COMPANIES, LENDING COMPANIES, FINANCING COMPANIES AND INVESTMENT HOUSES CITED IN THE FOREIGN INVESTMENT NEGATIVE LIST AND FOR OTHER PURPOSES |
Senate Legislative History
Entitled: AN ACT REMOVING/AMENDING INVESTMENT RESTRICTIONS IN SPECIFIC LAWS GOVERNING ADJUSTMENT COMPANIES, LENDING COMPANIES, FINANCING COMPANIES AND INVESTMENT HOUSES CITED IN THE FOREIGN INVESTMENT NEGATIVE LIST, EXCEPT THOSE IN THE CONSTITUTION [ THIRD REGULAR SESSION, 16TH CONGRESS ] [ 2016 ] Introduced by Representatives GIORGIDI B. AGGABAO, ANTHONY G. DEL ROSARIO, HENRY S. OAMINAL, RANDOLPH S. TING, PABLO III ROCES NAVA, et. al.; Approved on Third Reading by the House of Representatives on February 1, 2016; 2/4/2016 Sent to the Senate requesting for concurrence; 5/23/2016 Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-3023 and HBN-6395, designating Senators Ejercito, Angara and Villar as its conferees to the Bicameral Conference Committee on February 1, 2016; 5/23/2016 House of Representatives informing the Senate that Representatives Del Rosario, Aggabao, Cua, Romualdo, Gutierrez and Tinio were designated as its conferees to the Bicameral Conference Committee on the disagreeing provisions of SBN-3023 and HBN-6395 on February 1, 2016; 5/23/2016 Conference Committee Report on the disagreeing provisions of SBN-3023 and HBN-6395, submitted to the Senate, recommending that SBN-3023 in consolidation with HBN-6395, be approved as reconciled on February 3, 2016; 5/23/2016 Sponsorship speech on the Conference Committee Report of Senator JOSEPH VICTOR G. EJERCITO on February 3, 2016; 5/23/2016 Conference Committee Report approved by the Senate on February 3, 2016; Transmittal letter sent to the House of Representatives on February 11, 2016; 5/23/2016 Conference Committee Report Approved by the House of Representatives; 6/16/2016 Enrolled copies of the consolidated version of SBN-3023 and HBN-6395, sent to the Office of the President of the Philippines through PLLO, for the signature and approval of His Excellency President Benigno S. Aquino III; FINAL TITLE: AN ACT AMENDING INVESTMENT ESTRICTIONS IN SPECIFIC LAWS GOVERNING ADJUSTMENT COMPANIES, LENDING COMPANIES, FINANCING COMPANIES AND INVESTMENT HOUSES CITED IN THE FOREIGN INVESTMENT NEGATIVE LIST AND FOR OTHER PURPOSES 6/30/2016 Consolidated with SBN-3023, which was lapsed into Law on July 17, 2016 and became 6/30/2016 REPUBLIC ACT NO. 10881. (Pursuant to paragraph g, Sec. 7, Rule V of the Rules of the Senate, R.A.No. 10881 (SBN-3023/HBN-6395) with pertinent documents transmitted to the Legislative Records and Archives Service for safekeeping and preservation on August 9, 2016) (The legislative history/plenary deliberations is prepared by the INDEXING, MONITORING AND LIS SECTION, LEGISLATIVE BILLS AND INDEX SERVICE; The data entry re conducted committee meetings/hearings, conducted technical working group, is prepared by the Committee concerned/Committee Affairs Bureau)
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