Republic of the Philippines
HOUSE OF REPRESENTATIVES

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Quezon City 98H: j
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EIGHTEENTH CONGRESS

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Supe 8S

First Regular Session

HOUSE BILL No. 4484

Introduced by Honorable Michael L. Romero

EXPLANATORY NOTE

In the republic of the Philippines, it is very vital to encourage consumer welfare
in promoting productive investment that will bring down prices for the Filipino

consumer, creating more jobs, stimulate tourism, support minor manufacture
motivate economic growth and enable our goods and services to become globally

competitive through the liberalization of the retail trade sector.

This House Bill seeks to foster amendments to Republic Act 8762 (Retail Trade
Liberalization Act of 2000) to provide stiffer penalties and sanctions,

encompass greater variety of goods, create more competitive local performer:

promote introduction of new technology, and more opportunities for the Filipino

people.

Thus, the early passage Of this bill is earnestly requested.
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mCsaph, L. ROMERO


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

EIGHTEENTH CONGRESS
First Regular Session

HOUSE BILL No. 4484

Introduced by Honorable Michael L. Romero

AN ACT

AMENDING REPUBLIC ACT NO. 8762, “OTHERWISE KNOWN AS
THE RETAIL TRADE LIBERALIZATION ACT OF 2000”,
PROVIDING STIFFER PENALTIES AND SANCTIONS, AND FOR
OTHER PURPOSES

Be it enacted by the Senate and House of Representatives of the Philippines in
Congress assembled:

SECTION 1. DECLARATION OF POLICY - It is hereby a declared
policy of the state to liberalize and to encourage the competitive retail trade
sector in the interest of empowering the Filipino consumer through lower prices,

higher quality goods, better services and wider choices.

SECTION 2. Section 9 of republic Act 8762 is hereby amended to

read as follows:

Section 9. Promotion of Locally Manufactured Products.
- For Five (5) years after the effectivity of this Act, at least Ten


percent (10%) of the aggregate cost of the stock inventory of
foreign retailers shall be made in the Philippines.

SECTION 3. Section 12 of republic Act 8762 is hereby amended to
read as follows:

Section 12. Penalty Clause.- Any person who shall be
Found guilty of Violation of any provision of this Act shall be
punished by imprisonment of not less than Eight (8) years,
and a fine of not less than Five million pesos (P5,000,000.00)
but not more than Twenty million pesos (P20,000,000.00). in
the case of associations, partnerships or corporations, the
penalty shall be imposed upon its partners, president,
directors, manager and other officers responsible for the
violation.

If the offender is not a citizen of the republic of the
Philippine’s, he/she shall be deported immediately after
service of verdict.

If the Filipino offender is a public officer or employee, he/she
shall, in addition to the penalty prescribed herein, suffer
dismissal and permanent disqualification from public office

SECTION 4. TRANSITORY PROVISION- Existing indusiries,
businesses and offices affected by the implementation of this Act shall be given
six (6) months transitory period from the effectivity of the IRR or such other
period as may be determined, to comply with the requirements of this Act.

SECTION 5. IMPLEMENTING RULES AND REGULATIONS. - The
departments and agencies charged with carrying out the provisions of this Act
shall, within sixty (60) days after the effectivity of this Act, formulate the
necessary rules and regulations for its effective implementation.

SECTION 6. REPEALING CLAUSE. ~ All laws, decrees, executive
orders, rules and regulations, or parts thereof inconsistent with the provisions
of this Act are hereby repealed or modified accordingly.


SECTION 7. SEPARABILITY CLAUSE. - If, for any reason, any
section or provision of this Act is held unconstitutional or invalid, the other

sections or provisions hereof shall not be affected thereby.

SECTION 8. EFFECTIVITY CLAUSE. - This Act shall take effect
after fifteen (15) days from its publication in the Official Gazette or in at least two

(2) national newspapers of general circulation whichever comes earlier

Approved,