The bill updates the 2011 GOCC Governance Act by redefining GOCCs, adding clear rules for mergers, consolidations and regularizations, and giving the Governance Commission for GOCCs stronger powers—including subpoena authority, immunity, and a new fee‑based fund—to oversee and restructure government‑owned corporations.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB07841 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.