Senator Mark Villar on Tuesday said the proposed Internet Transactions Act (ITA) is now up for President Ferdinand Marcos Jr.’s
Villar made the statement during the Senate Finance Committee hearing on the Department of Trade and Industry’s budget for fiscal year 2024.
According to the House of Representatives’ website, Senate Bill 1846 was adopted by the lower chamber on September 27. SB 1846 was approved on third and final reading in the Senate last September 25. The proposed ITA also establishes a code of conduct for all businesses involved in online businesses to safeguard and advance consumer interests.
It can be recalled that in his first State of the Nation Address, President Marcos asked Congress to approve the E-Commerce Law.
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