Status of Business and Economic Reform Legislation (15th CONGRESS)* as of February 2012
March 8, 2012 at 18:36
STATUS OF BUSINESS AND ECONOMIC REFORM LEGISLATION (15th CONGRESS)*
I. Enacted into Law
1. Financial Rehabilitation and Insolvency Act (RA 10142) – lapsed into law July 18, 2010
4. Repeal of Nightwork Prohibition for Women (RA 10151) – signed June 21, 2011
5. Institutionalizing Kindergarten Education (RA 10157) – signed January 20, 2012
II. Approved on Third Reading
1. AMLA Amendment
House: Approved on Third Reading
Senate: Pending Second Reading (Period of interpellation)
2. Career Executive System
House: Approved on Third Reading
Senate: Approved on Third Reading
House: Approved on Third Reading
Senate: Approved on Third Reading
4. Cybercrime Prevention Act
House: Pending Second Reading
House: Approved on Third Reading
Senate: Pending in Ways and Means Committee
6. Data Privacy Act
House: Approved on Third Reading
Senate: Pending Second Reading (Period of interpellation)
7. Direct Remittance to LGUs of their 40% share from National Wealth Taxes
House: Approved on Third Reading
Senate: Pending in Local Government Committee
House: Approved on Third Reading
Senate: Pending in Banks Committee
9. Rationalization of Fiscal Incentives
House: Approved on Third Reading
Senate: Under Ways and Means Committee deliberation
10. WIPO Copyright Treaty (Intellectual Property Act Amendments)
House: Approved on Third Reading
Senate: Pending Second Reading (Period of interpellation)
11. Lemon Law
House: Approved on Third Reading
Senate: Under Trade and Commerce Committee deliberation
12. Plastic Bag Regulation Act
House: Approved on Third Reading
Senate: Pending in Trade and Commerce Committee
13. Regulating Profession – Environmental Planning
House: Approved on Third Reading
Senate: Pending Second Reading
14. Rural Bank Act Amendments
House: Approved on Third Reading
House: Approved on Third Reading
Senate: Under Environment TWG deliberation
16. Terrorism Financing Prevention and Suppression Act
House: Approved on Third Reading
Senate: Under Banks Committee deliberation
III. Pending Second Reading
1. BSP Charter Amendments
House: Pending Second Reading
Senate: Pending in Banks Committee
2. Creative Industries
House: No bill filed
Senate: Pending Second Reading (Period of interpellation)
3. Fair Competition Law/ Anti-trust
House: Pending Second Reading (Approval re-considered)
Senate: Pending Second Reading (For sponsorship)
4. LPG Industry Regulation and Safety Act
House: Pending Second Reading (Approval re-considered)
House: Transmitted to Appropriations Committee
Senate: Pending Second Reading (For interpellation)
6. Regulating Profession – Pharmacy
House: Draft Committee Report for Filing
Senate: Pending Second Reading
7. Reproductive Health Bill
House: Pending Second Reading (Interpellation)
Senate: Pending Second Reading (Interpellation)
8. Whistle Blowers Protection Act
House: Pending Second Reading
Senate: Pending Second Reading (Interpellation)
IV. Approved at Committee Level
1. Institutionalizing the National Land Use Policy
House: Transmitted to Appropriations Committee
Senate: Pending Second Reading
2. Land Administration and Reform Act
House: Transmitted to the Appropriations Committee
Senate: Pending in Environment and Natural Resources Committee
V. Under TWG Deliberation
1. AFP Modernization
House: Under Ways and Means TWG deliberation
Senate: Pending in Ways and Means Committee
3. Build-Operate-Transfer Law Amendments
House: Under Public Works TWG deliberation
Senate: Pending in Public Works Committee
House: Under Justice TWG deliberation
Senate: Under Justice TWG deliberation
5. Farm Land as Collateral
House: Under Agrarian Reform TWG deliberation
Senate: Pending in Agrarian Reform Committee
House: Under Government Enterprises TWG deliberation
Senate: Pending in Government Corporations Committee
7. Government Procurement Act Amendments
House: Under Appropriations TWG deliberation
Senate: Pending in Constitutional Amendments, Revision of Code and
Laws Committee
House: Under Health and Trade Committee TWG deliberation
Senate: Pending in Health Committee
House: Draft Committee Report for Civil Service Committee approval
Senate: Under Civil Service TWG deliberation
10. Water Sector Reform
House: Under Government Reorganization TWG deliberation
Senate: Under Public Services Sub-committee on Water deliberation
VI. Under Committee Deliberation
1. Constitutional Amendments on Economic Provisions
House: Under Constitutional Amendments Committee deliberation
Senate: No bill/resolution filed
House: Under Basic Education Committee deliberation
Senate: Pending in the Education Committee
3. Freedom of Access to Information
House: Under Public Information TWG deliberation
Senate: Under Public Information Committee deliberation
4. Fiscal Responsibility
House: Pending in Appropriations Committee
Senate: Under Finance Committee deliberation
BILLS REQUIRING SUBSTANTIAL RECONSIDERATION
1. Corporate Social Responsibility
House: Approved on Third Reading
Senate: Pending Second Reading (For interpellation)
2. Security of Tenure
House: Pending Second Reading
Senate: Draft Committee Report pending Labor Committee approval
3. Value Added Simplified Tax
House: Pending Second Reading
Senate: No bill filed
4. Bills Declaring Non-working Holidays
House: Pending Second Reading
Senate: Pending in Education, Arts and Culture Committee
b. Iglesia ni Kristo Day
House: Pending in Revision of Laws Committee
Senate: Pending in Education, Arts and Culture Committee
House: Approved on Third Reading
Senate: No bill filed
d. National Teachers’ Day
House: Approved on Third Reading (working holiday)
Senate: Pending Second Reading (Period of interpellation)
e. Declaring National Women’s day as a non-working holiday
House: Approved on Second Reading
Senate: No bill filed
OTHER PRIORITY LEGISLATION
1. Foreign Investments Act Amendments
Senate: Pending in Trade and Commerce Committee
2. Retail Trade Act Amendments
3. Clean Air Act Amendment
House: Pending in Population Committee
Senate: Pending in Social Justice Committee
5. Rice and Corn Trade Amendment
House: No bill filed
Senate: No bill filed
6. Financial Sector Tax Neutrality Act
House: No bill filed
Senate: No bill filed
7. Holiday Rationalization
Senate: No bill filed
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Legend:
Bold – Arangkada recommendation (JFC/PBGs)
Bold and italics – other Arangkada recommendation
Gray Highlight – LEDAC priority measures
*Updated as of February 29, 2012. This list of legislation is a consolidation of important bills of interest to the business community, most of which are currently being considered in the 15th Congress. The compilation of this list in no way implies that all foreign chambers and business groups have approved every measure or even studied all of them. However, Arangkada contains a list of 41 measures that the Joint Foreign Chambers and seven Philippine business groups sent to President Aquino, House Speaker Belmonte, and Senate President Enrile in October 2011. In the case of this letter, there was agreement among the 14 groups to support the 41 measures except for the Agri-Agra amendments.
Download Legislative Priorities – Status as of February 2012 in PDF
Download the February 2012 Legislative Tracker in PDF
Related Links:
Legislative Priorities – Status as of January 2012
Legislative Priorities – Status as of December 2011
Legislative Priorities – Status as of October 2011
Legislative Priorities – Status as of September 2011
