House Speaker Feliciano Belmonte Jr. is seeking the enactment of his proposed Philippine Fair Competition Act of 2013 that aims to regulate, if not totally eradicate, unfair competition, monopolies and cartels, which will ultimately protect the consumers from abuses of market powers.
The speaker’s proposal embodied in House Bill 1133 is now pending at the House Committee on Trade and Industry chaired by Rep. Mark Villar (Lone District, Las Piñas City). It is a refilled measure of HB 4835 of the 15th Congress with some improvements.
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