The proposed Corporate Social Responsibility Act would let companies keep earnings that would otherwise be paid as dividends, provided they follow a detailed CSR plan approved by two‑thirds of their board, report the plan to the SEC, and spend the money within two years. It also creates reporting, verification, award, and penalty mechanisms to ensure the funds truly benefit communities.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB00847. Status changes over time; check the link for the latest.
HB00847 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.