The House of Representatives unanimously approved on third and final reading Monday, Dec. 12 House Bill (HB) No. 4, or the proposed “Internet Transactions Act”.
The House plenary
The full title of the bill reads, “An Act providing protection to consumers and merchants engaged in Internet transactions, creating for the purpose the Electronic Commerce Bureau, and appropriating funds therefor”. Earlier, President Ferdinand “Bongbong” Marcos Jr. called for the enactment of a law establishing “effective regulation of commercial activities through the Internet or electronic means to ensure that consumer rights and data privacy are protected, innovation is encouraged, fair advertising practices and competition are promoted, online transactions are secure, intellectual property rights are respected, and where product standards and safety are observed”.
It would also “address the need for a singular office that will be responsible to carry out provisions thereof, ensure the implementation of Republic Act No. 8792 or the E-Commerce Act of 2000 and serve as the focal point in the monitoring and implementation of the Philippine e-commerce roadmap,” they said.
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