Bill Type
Long Title
AN ACT PROMOTING FOREIGN INVESTMENTS, AMENDING THEREBY REPUBLIC ACT NO. 7042 OTHERWISE KNOWN AS THE 'FOREIGN INVESTMENT ACT OF 1991', AS AMENDED, AND FOR OTHER PURPOSES
Short Title
FOREIGN INVESTMENT ACT (AMENDMENTS)
Sponsor
Co-sponsor
Date filed
November 7, 2019
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
34
Session Type
Document Certification

Committee Details

Primary Committee
Secondary Committee
Committee Report No.
20

Floor Activity

Floor Activity
Date Parliamentary status Senator(s)
11/11/2019 Sponsorship Speech Marcos, Imee R.
11/11/2019 Co-Sponsorship Speech Gatchalian, Win
5/31/2021 Interpellation Hontiveros, Risa
8/3/2021 Interpellation Villanueva, Joel
8/4/2021 Period of Interpellation Closed
9/6/2021 Manifestation Cayetano, Pia S.Gatchalian, Win
9/6/2021 Period of Individual Amendments
9/7/2021 Period of Individual Amendments
9/7/2021 Period of Committee Amendments Closed
9/14/2021 Period of Individual Amendments Closed
12/7/2021 Sponsorship Speech on the Conference Committee Report Marcos, Imee R.

Legislative History

Entitled:
AN ACT PROMOTING FOREIGN INVESTMENTS, AMENDING THEREBY REPUBLIC ACT NO. 7042 OTHERWISE KNOWN AS THE FOREIGN INVESTMENT ACT OF 1991, AS AMENDED AND FOR OTHER PURPOSES
[ FIRST REGULAR SESSION, 18TH CONGRESS ]
[ 2019 ]
11/7/2019 Prepared and submitted jointly by the Committees on ECONOMIC AFFAIRS and FINANCE with Senators FRANCIS "KIKO" N. PANGILINAN, WIN GATCHALIAN and IMEE R. MARCOS as authors per Committee Report No. 20, recommending its approval in substitution of SBNos. 418, 919 and 1024, taking into consideration HBN-300;
11/11/2019 Committee Report Calendared for Ordinary Business;
11/11/2019 Sponsor: Senator IMEE R. MARCOS;
11/11/2019 Transferred from the Calendar for Ordinary Business to the Calendar for Special Order;
11/11/2019 Sponsorship speech delivered by Senator IMEE R. MARCOS;
11/11/2019 Co-sponsorship speech delivered by Senator WIN GATCHALIAN;
[ SECOND REGULAR SESSION ]
[ 2021 ]
5/17/2021 Certified by the President of the Philippines for its IMMEDIATE enactment on 04/12/2021;
5/31/2021 Interpellation of Senator RISA HONTIVEROS;
8/3/2021 Interpellation of Senator JOEL VILLANUEVA;
8/4/2021 Period of interpellation closed;
8/31/2021 Period of committee amendments closed;
8/31/2021 Period of individual amendments (amendment by substitution);
9/6/2021 Manifestation of Senators PIA S. CAYETANO and WIN GATCHALIAN;
9/6/2021 Period of individual amendments;
9/7/2021 Letter from Senator JOEL VILLANUEVA conveying his intention to be made co-author of SBN-1156, received by LBIS;
9/7/2021 Period of individual amendments;
9/14/2021 Period of individual amendments closed;
9/14/2021 Approved on Second Reading with Amendments;
9/14/2021 Approved on Third Reading;
9/14/2021 In favor: (21) Senators MARIA LOURDES NANCY S. BINAY, PIA S. CAYETANO, RONALD "BATO" DELA ROSA, FRANKLIN M. DRILON, WIN GATCHALIAN, CHRISTOPHER LAWRENCE T. GO, RICHARD J. GORDON, RISA HONTIVEROS, PANFILO "PING" M. LACSON, MANUEL "LITO" M. LAPID, IMEE R. MARCOS, EMMANUEL "MANNY" D. PACQUIAO, FRANCIS "KIKO" N. PANGILINAN, GRACE POE, RALPH G. RECTO, RAMON BONG REVILLA JR., VICENTE C. SOTTO III, FRANCIS "TOL" N. TOLENTINO, JOEL VILLANUEVA, CYNTHIA A. VILLAR and JUAN MIGUEL "MIGZ" F. ZUBIRI;
9/14/2021 Against: (None) ;
9/14/2021 Abstention: (None) ;
9/15/2021 Senate requested the House of Representatives for a conference on the disagreeing provisions of SBN-1156 and HBN-300, designating Senators Marcos, Gatchalian, Villanueva, Dela Rosa and Drilon as its conferees;
9/20/2021 Sent to the House of Representatives requesting for concurrence;
11/22/2021 House of Representatives designated Representatives Garin, Tiangco, Yap, Vergara, Gatchalian, Romualdo and Quimbo as conferees to the Bicameral Conference Committee on the disagreeing provisions of HBN-300 and SBN-1156 on November 8, 2021;
12/6/2021 Conference Committee Report on the disagreeing provisions of SBN-1956 and HBN-300, submitted to the Senate, recommending that HBN-300, in consolidation with SBN-1156, be approved in accordance with the attached copy of the bill as reconciled and approved by the conferees;
12/7/2021 Sponsorship speech of Senator IMEE R. MARCOS on the conference committee report;
12/7/2021 Co-sponsorship speech of Senator JOEL VILLANUEVA on the conference committee report;
12/7/2021 Conference Committee Report Approved by the Senate;
12/13/2021 Conference Committee Report Approved by the House of Representatives on December 7, 2021;
[ 2022 ]
1/25/2022 Letter from Secretary General Mark Llandro L. Mendoza, transmitting nine (9) enrolled copies of the consolidated version of HBN-300 and SBN-1156, for the signature of Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III;
1/26/2022 Letter for Speaker Lord Allan Jay Q. Velasco, returning eight (8) enrolled copies of the consolidated version of HBN-300 and SBN-1156, which were signed by Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III;
3/8/2022 Consolidated with HBN-300, which was Approved and Signed into Law by the President of the Philippines, His Excellency, President Rodrigo Roa Duterte on March 2, 2022 and became
3/8/2022 REPUBLIC ACT NO. 11647.