source: http://www.yugatech.com/news/congres...-bill-hb-5808/May 28, 2012
Congress approves Anti Cybercrime Bill HB 5808
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So the House of Congress has finally passed their own version of the Anti-Cybercrime Bill (HB 5808) which is also known as the Cybercrime Prevention Act of 2012. The bill includes online threats and online defamation as cybercrime offenses.
So aside from online intrusion, hacking or illegal use of network resources, online libel will also be part of this bill.
For online defamation, the penalty is a minimum of Php500,000 (and a maximum of Php1 million) penalty plus a prison term.
The Senate has their own version of the Anti Cybercrime Bill (Senate Bill 2796). Senator Angara also clarified the Senate Bill in contrast with the issues on SOPA and PIPA.
The Senate and Congress will be consolidating these two bills and eventually finalize them and pass it into a law upon the President’s approval.