HB 7140

House·20th Congress·Filed Jan 19, 2026

An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing and Other Support Programs for Micro, Small and Medium Enterprises, Amending for the Purpose Republic Act No. 6977, as Amended, Otherwise Known as the "Magna Carta for Micro, Small and Medium Enterprises (Msmes)”

In plain language

The proposal updates MSME definitions, lowers permit fees, guarantees government procurement and free market space, creates a new Small Business Corporation for financing, and sets up local MSME councils to support entrepreneurs.

Business, Trade and IndustryPublic Works and InfrastructureEducation

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Representative

Eduardo "Bro. Eddie" C. VillanuevaReceipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 8370· Filed Mar 9, 2026
An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing and Other Support Programs for Micro, Small and Medium Enterprises, Amending for the Purpose Republic Act No. 6977, as Amended, Otherwise Known as the �magna Carta for Micro, Small and Medium Enterprises (Msmes)�
Pending with the Committee on MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT since 2026-03-11Rep. Atty. Jennifer "Karen" A. Lagbas
HB 1591· Filed Jul 8, 2025
An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing Programs for Micro, Small and Medium Enterprises, Amending the Purposes Republic Act No. 6977, as Amended, Otherwise Known as the �magna Carta for Micro, Small and Medium Enterprises (Msmes)�
Pending with the Committee on MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT since 2025-07-30Rep. Marlyn L. Primicias-Agabas
SB 2054· Filed Apr 21, 2026
Magna Carta for Micro, Small and Medium Enterprises (Msmes)
Pending in the committeeSen. Camille A. Villar
HB 4442· Filed Sep 8, 2025
An Act Providing Enhanced Incentives and Subsidies for Micro, Small, and Medium Enterprises (Msmes) with Less Than One Hundred (100) Employees, and for Other Purposes
Pending with the Committee on MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT since 2025-09-10Rep. Bienvenido Jr. M. Abante
HB 6009· Filed Nov 17, 2025
An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing and Other Support Programs for Micro, Small and Medium Enterprises, Amending for the Purpose Republic Act No. 6977, as Amended, Otherwise Known as the �magna Carta for Micro, Small and Medium Enterprises (Msmes)�
Pending with the Committee on MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT since 2025-11-19Rep. Kristine Singson-Meehan

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HB07140 · Sources: BatasWatch

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress