Bill Type
Congress Name
Long Title
AN ACT REQUIRING GOVERNMENT-OWNE D 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 WORKERSINVESTMENT (OWI) FUND UNDER REPUBLIC ACT NO. 7111 TO MANAGE AN INVESTMENT FUND PORTFOLIO FOR OVERSEAS WORKERS AND FOR OTHER PURPOSES
Date filed
July 6, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 755, 12th Congress of the Republic | |
| FULL TITLE : AN ACT REQUIRING GOVERNMENT-OWNE D 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 WORKERSINVESTMENT (OWI) FUND UNDER REPUBLIC ACT NO. 7111 TO MANAGE AN INVESTMENT FUND PORTFOLIO FOR OVERSEAS WORKERS AND FOR OTHER PURPOSES | |
| ABSTRACT : This bill seeks to provide investment opportunities and incentives to the overseas workers and their families by allowing OCWs and their beneficiaries to purchase participatory stocks from an investment fund that will manage their money under a trust arragement. | |
| PRINCIPAL AUTHOR/S : VILLAR, CYNTHIA A. | |
| DATE FILED : 2001-07-06 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Zialcita (022 ) | 2. Syjuco (023 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2001-07-24 |
Abstract
This bill seeks to provide investment opportunities and incentives to the overseas workers and their families by allowing OCWs and their beneficiaries to purchase participatory stocks from an investment fund that will manage their money under a trust arragement.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.