Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 8762, OTHERWISE KNOWN AS THE RETAIL TRADE LIBERALIZATION ACT OF 2000, BY LOWERING THE REQUIRED PAID-UP CAPITAL FOR FOREIGN RETAIL ENTERPRISES, AND FOR OTHER PURPOSES
Short Title
RETAIL TRADE LIBERALIZATION ACT (LOWERING THE REQUIRED PAID-UP CAPITAL FOR FOREIGN RETAIL ENT.
Sponsor
Co-sponsor
Date filed
September 22, 2020
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
14
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Committee Details
Primary Committee
Committee Report No.
115
Floor Activity
Floor Activity
Date Parliamentary status Senator(s) 12/16/2020 Sponsorship Speech Pimentel, Aquilino "Koko" III 12/16/2020 Manifestation Gatchalian, Win 2/15/2021 Co-Sponsorship Speech Gatchalian, Win 3/2/2021 Interpellation Drilon, Franklin M. 3/10/2021 Interpellation Hontiveros, Risa 5/18/2021 Interpellation Villar, Cynthia A.Recto, Ralph G. 5/18/2021 Period of Interpellation Closed 5/18/2021 Manifestation Zubiri, Juan Miguel "Migz" F. 5/18/2021 Remarks Drilon, Franklin M.Villanueva, JoelHontiveros, RisaCayetano, Pia S. 5/18/2021 Inquiry Tolentino, Francis "Tol" N. 5/19/2021 Period of Committee Amendments Closed 5/19/2021 Period of Individual Amendments 5/19/2021 Period of Individual Amendments Closed 9/20/2021 Sponsorship Speech on the Conference Committee Report Pimentel, Aquilino "Koko" III
Legislative History
Entitled: AN ACT AMENDING REPUBLIC ACT NO. 8762, OTHERWISE KNOWN AS THE RETAIL TRADE LIBERALIZATION ACT OF 2000, BY LOWERING THE REQUIRED PAID-UP CAPITAL FOR FOREIGN RETAIL ENTERPRISES, AND FOR OTHER PURPOSES [ SECOND REGULAR SESSION, 18TH CONGRESS ] [ 2020 ] 9/22/2020 Prepared and submitted by the Committee on TRADE, COMMERCE AND ENTREPRENEURSHIP with Senators FRANKLIN M. DRILON, WIN GATCHALIAN, IMEE R. MARCOS, JUAN MIGUEL "MIGZ" F. ZUBIRI and AQUILINO "KOKO" III PIMENTEL as authors per Committee Report No. 115, recommending its approval in substitution of SBNos. 14, 921, 1113 and 1349, taking into consideration HBN-59; 9/22/2020 Committee Report Calendared for Ordinary Business; 9/22/2020 Sponsor: Senator AQUILINO "KOKO" III PIMENTEL; 12/16/2020 Transferred from the Calendar for Ordinary Business to the Calendar for Special Order; 12/16/2020 Sponsorship speech delivered by Senator AQUILINO "KOKO" III PIMENTEL; [ 2021 ] 2/15/2021 Co-sponsorship speech of Senator WIN GATCHALIAN; 3/2/2021 Interpellation of Senator FRANKLIN M. DRILON; 3/10/2021 Interpellation of Senator RISA HONTIVEROS; 5/17/2021 Certified by the President of the Philippines for its IMMEDIATE enactment on 04/12/2021; 5/18/2021 Interpellation of Senators CYNTHIA A. VILLAR and RALPH G. RECTO; 5/18/2021 Manifestation of Senators JUAN MIGUEL "MIGZ" F. ZUBIRI; 5/18/2021 Remarks of Senators FRANKLIN M. DRILON, JOEL VILLANUEVA, RISA HONTIVEROS and PIA S. CAYETANO; 5/18/2021 Inquiry of Senator FRANCIS "TOL" N. TOLENTINO; 5/18/2021 Period of interpellation closed; 5/19/2021 Period of committee amendments closed; 5/19/2021 Period of individual amendments; 5/19/2021 Period of individual amendments closed; 9/20/2021 Conference Committee Report on the disagreeing provisions of SBN-1840 and HBN-59, submitted to the Senate, recommending that HBN-59, in consolidation with SBN-1840, be approved in accordance with the attached copy of the bill as reconciled and approved by the conferees; 5/19/2021 Approved on Second Reading with Amendments; 5/19/2021 Approved on Third Reading; 5/19/2021 In favor: (20) Senators SONNY ANGARA, MARIA LOURDES NANCY S. BINAY, PIA S. CAYETANO, RONALD "BATO" DELA ROSA, FRANKLIN M. DRILON, WIN GATCHALIAN, RICHARD J. GORDON, RISA HONTIVEROS, PANFILO "PING" M. LACSON, IMEE R. MARCOS, EMMANUEL "MANNY" D. PACQUIAO, FRANCIS "KIKO" N. PANGILINAN, AQUILINO "KOKO" III PIMENTEL, GRACE POE, RALPH G. RECTO, RAMON BONG REVILLA JR., VICENTE C. SOTTO III, FRANCIS "TOL" N. TOLENTINO, JOEL VILLANUEVA and JUAN MIGUEL "MIGZ" F. ZUBIRI; 5/19/2021 Against: (None) ; 5/19/2021 Abstention: (None) ; 5/19/2021 Senators RALPH G. RECTO, RICHARD J. GORDON, PIA S. CAYETANO, JOEL VILLANUEVA and EMMANUEL "MANNY" D. PACQUIAO requested that they be made co-authors; 5/24/2021 Sent to the House of Representatives requesting for concurrence; 5/24/2021 Senate designated Senators AQUILINO "KOKO" III PIMENTEL, MARIA LOURDES NANCY S. BINAY, EMMANUEL "MANNY" D. PACQUIAO and FRANKLIN M. DRILON as conferees to the Bicameral Conference Committee on the disagreeing provisions of SBN-1840 and HBN-59; 5/25/2021 Senate designated Senator JUAN MIGUEL "MIGZ" F. ZUBIRI as additional conferee to the Bicameral Conference Committee on the disagreeing provisions of SBN-1840 and HBN-59; 5/26/2021 House of Representatives designated Representatives Tiangco, Gatchalian, Yap, Garin, Romualdo, Vergara and Quimbo as conferees to the Bicameral Conference Committee on the disagreeing provisions of SBN-1840 and HBN-59 on May 25, 2021; 9/20/2021 Sponsorship speech on the conference committee report of Senator AQUILINO "KOKO" III PIMENTEL; 9/20/2021 Conference Committee Report Approved by the Senate; 9/27/2021 Conference Committee Report Approved by the House of Representatives on September 21, 2021; 10/26/2021 Letter from Secretary General Mark Llandro L. Mendoza, transmitting nine (9) enrolled copies of the consolidated version of HBN-59 and SBN-1840, for the signature of Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III; 11/9/2021 Letter for Speaker Lord Allan Jay Q. Velasco, returning eight (8) enrolled copies of the consolidated version of SBN-1840 and HBN-59, which were signed by Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III; [ 2022 ] 1/17/2022 Consolidated with HBN-59, which was Approved and Signed into Law by the President of the Philippines, His Excellency, President Rodrigo Roa Duterte on December 10, 2021 and became 1/17/2022 REPUBLIC ACT NO. 11595.