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Legislative Priorities - August 2012

Legislative Priorities - August 2012

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Categories:Types, Research, Law
Published by: Arangkada Philippines on Aug 31, 2012
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08/31/2012

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1
STATUS OF BUSINESS AND ECONOMIC REFORM LEGISLATION(15
th
CONGRESS)*A. REPUBLIC ACTS/ BILLS
I.
 
Enacted into Law
1.
 
Financial Rehabilitation and Insolvency Act 
(RA 10142)
 –
lapsed into lawJuly 18, 20102.
 
 
GOCC Governance Act 
 
(RA 10149)
 –
signed June 6, 20113.
 
Extending the Implementation of the Lifeline Rate (RA 10150)
 –
signedJune 20, 20114.
 
Repeal of Nightwork Prohibition for Women
(RA 10151)
 
 –
signed June21, 20115.
 
I
nstitutionalizing Kindergarten Education (RA 10157)
 –
signed January 20,20126.
 
Anti-Money Laundering Act Amendments (RA 10167)
 –
signed on June 18,20127.
 
Terrorism Financing Prevention and Suppression Act (RA 10168)
 –
signedon June 18, 20128.
 
Data Privacy
 
Ac
t (RA 10173)
 –
signed August 15, 20129.
 
People Survival Fund (RA 10174)
 –
signed August 16, 2012--------------------------
 Legend:
Bold - Arangkada recommendation (JFC/PBGs)
 
Bold and italics
– 
other Arangkada recommendation
 Gray Highlight - LEDAC priority measuresYellow highlight
 –
changes from previous list*Updated as of August 30, 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 15thCongress. The compilation of this list in no way implies that all foreign chambers and businessgroups 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 businessgroups sent to Pres. Aquino, House Speaker Belmonte, and Senate President Enrile in Oct.2011. In the case of this letter, there was agreement among the 14 groups to support the 41measures except for the Agri-Agra amendments
 
2
II.
 
Close to Enactment (Approved in Both Houses/For Bicam/Sentto OP)
1.
Creation of the
 
Department of Information and CommunicationsTechnology
 House: Approved on Third ReadingSenate: Approved on Third Reading2.
 
Cybercrime Prevention ActHouse: Sent to OPSenate: Sent to OP3.
 
AFP ModernizationHouse: Approved on Third ReadingSenate: Approved on Third Reading
III.
 
Approved on Third Reading
1.
 
 AMLA Amendment 
 
House: Approved on Third ReadingSenate: 1
st
part
 –
Enacted into Law2
nd
part
 –
Committee Report for filing
2.
 
Career Executive System - re-filedHouse: Pending Civil Service CommitteeSenate: Approved on Third Reading
3.
 
Common Carriers Tax/ Gross Philippine Billings Tax Abolition
 House: Approved on Third ReadingSenate: Under Ways and Means Committee Deliberation
4.
 
Customs Modernization and Tariffs
 
Act
 House: Approved on Third ReadingSenate: Pending in Ways and Means Committee
5.
 
Creation of the Department of HousingHouse: Pending Second ReadingSenate: Approved on Third Reading
6.
 
Direct Remittance to LGUs of their 40% share from National WealthTaxes
 House: Approved on Third ReadingSenate: Pending in Local Government Committee
7.
 
Insurance Code AmendmentsHouse: Approved on Third ReadingSenate: Under Banks Committee Deliberation
 
3
8.
 
Lemon
 
Law 
 House: Approved on Third ReadingSenate: Under Trade and Commerce Committee deliberation9.
Mandatory Healthcare Coverage (Providing Definite Strategy for 
 
Targetting the Poor)
 House: Approved on Third ReadingSenate: Pending Second Reading (For interpellation)10.
Plastic Bag Regulation Act 
 House: Approved on Third ReadingSenate: Pending in Trade and Commerce Committee11.
 
Rationalization of Fiscal Incentives
 House: Approved on Third ReadingSenate: Under Ways and Means Committee deliberation12. Real Property ValuationHouse: Approved on Third ReadingSenate: Pending in Ways and Means Committee13.
Regulating Profession - Environmental Planning
 House: Approved on Third ReadingSenate: Pending Second Reading14.
Regulating Profession - Forestry
 House: Approved on Third ReadingSenate: Pending in Civil Service Committee15.
Rural Bank Act Amendments
 House: Approved on Third ReadingSenate: Under Banks Committee Deliberation16.
Sustainable Forest Management 
 
House: Approved on Third ReadingSenate: Under Environment TWG deliberation17.
Whistle Blowers Protection
 
 Act 
 House: Approved on Third ReadingSenate: Pending Second Reading (Interpellation)18.
 
Witness Protection, Security and Benefit Act
 House: Approved on Third ReadingSenate: Pending Second Reading (Interpellation)

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