An Act Increasing the Minimum Capital Requirement for Private Security Agencies, Amending for the Purpose Republic Act No. 11917, Otherwise Known as the 'private Security Services Industry Act'
The bill would raise the required paid‑up capital for private security agencies from ₱1 million to ₱10 million, aiming to professionalize the sector and protect workers, while excluding operational assets from the capital count.
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/SBN-1658. Status changes over time; check the link for the latest.
SBN-1658 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.