SECTOR: Agriculture
SONA YEAR: 2023
Amend the cooperative code
PROMISE STATUS - DATE: In progress as of 07/12/2024
- Congress approved in December 2023 a bill revising Republic Act (R.A.) No. 9520, or the Philippine Cooperative Code of 2008.
- The Senate Committee on Cooperatives tackled House Bill No. 9673 and counterpart bills on May 15.
- Some proposed amendments to R.A. 9520 include limits on foreign investments and assistance, share capital holdings and specifications on cooperative membership guidelines.