Bill Type
Congress Name
Long Title
AN ACT REQUIRING GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS (GOCCs)ON THE PRIVATIZATION PROGRAM TO RESERVE AT LEAST TWENTY PERCENT (20%) OF THEIR TOTAL INITIAL PUBLIC OFFERING (IPO) OF SHARES TO OVERSEAS WORKERS, AUTHORIZING THE OVERSEAS WORKERS INVESTMENT (OWI) FUND UNDER REPUBLIC ACT NO. 7111 TO MANAGE AN INVESTMENT FUND PORTFOLIO FOR OVERSEAS WORKERS AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
July 16, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01476 | |
| FULL TITLE : AN ACT REQUIRING GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS (GOCCs)ON THE PRIVATIZATION PROGRAM TO RESERVE AT LEAST TWENTY PERCENT (20%) OF THEIR TOTAL INITIAL PUBLIC OFFERING (IPO) OF SHARES TO OVERSEAS WORKERS, AUTHORIZING THE OVERSEAS WORKERS INVESTMENT (OWI) FUND UNDER REPUBLIC ACT NO. 7111 TO MANAGE AN INVESTMENT FUND PORTFOLIO FOR OVERSEAS WORKERS AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill provides investment opportunities and incentives to overseas workers and their families by allowing them and their beneficiaries to buy stocks from an investment fund "that will manage their money under a trust fund." | |
| PRINCIPAL AUTHOR/S : VILLAR, CYNTHIA A. | |
| DATE FILED : 2004-07-16 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Cari (015 ) | 2. Codilla (021 ) |
| 3. Cua (021 ) | 4. Amin (033 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2004-08-03 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON LABOR AND EMPLOYMENT |
Abstract
The bill provides investment opportunities and incentives to overseas workers and their families by allowing them and their beneficiaries to buy stocks from an investment fund "that will manage their money under a trust fund."'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.