HB 9979

House·20th Congress·Filed Jun 30, 2026

An Act Prescribing Rigid Standards for Corporate Restructuring Resulting in Backdoor Listings, Amending for the Purpose the Securities Regulation Code, and Providing Penalties for Violations Thereof

In plain language

The bill seeks to stop companies from going public by buying shell corporations, requiring them to meet the same strict rules as a normal IPO, disclose their true owners, and face heavy fines or jail if they cheat.

Social WelfareBusiness, Trade and IndustryGovernment Administration

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

Author · Representative

Jan "Atty. Jp" PadiernosReceipts →

Official sources

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HB09979 · Sources: BatasWatch

An Act Prescribing Rigid Standards for Corporate Restructuring Resulting in Backdoor Listings, Amending for the Purpose the Securities Regulation Code, and Providing Penalties for Violations Thereof

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress