NextGen Day

A bill in the House of Representatives that aims to protect customers and businesses doing online transactions has cleared committee review.

The proposed Internet Transaction Act, also known as the E-Commerce Law, was adopted by the House committee on trade and industry on Wednesday during its virtual hearing. President Ferdinand Marcos Jr. referenced this important piece of legislation in his first State of the Nation Address.

The law suggests setting up an E-Commerce Bureau to control online business activity and safeguard consumers who make purchases online.

Invoking Rule 10, Section 48 of the House Rules, which allows committees to get rid of priority items that have previously been filed and approved on the third reading in the previous 18th Congress, the panel accelerated the proposal’s approval.

Mario Vittorio Marino, a representative for Batangas, claimed that the rise in e-commerce transactions has led to a clear necessity for government control.

The Covid-19 pandemic lockdowns, which have forced the average consumer to stay at home, are mostly to blame for the exponential growth and subsequent prevalence of internet sales, according to Marino.

Marino emphasized the necessity for an effective regulatory framework to handle consumer grievances and concerns, especially those related to trade, taxation, labor, and privacy concerns.

Additionally, Marino said, “customer concerns about security vulnerabilities should be addressed by raising awareness of data security and bolstering businesses’ capacity to safeguard e-commerce platforms.

All business-to-business and business-to-consumer online commercial transactions, including those involving online shopping, online travel services, digital media providers, ride-hailing services, and digital banking services, are to be governed by the proposed legislation.

The proposed e-commerce bureau will work as a sort of one-stop shop for customer concerns regarding online transactions and will be the “central body” charged with regulating online trade.

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