Law Summary
Exceptions to the Repeal
- Rights that have already been vested under the Philippine Constitution remain unaffected.
- Rights extended through treaties, agreements, or conventions between the Philippines and the United States are preserved.
Scope and Effectivity
- The law specifically targets laws favoring American citizens or corporations formed under U.S. state laws.
- It aims to ensure equality among foreign nationals and entities concerning rights and privileges within the Philippines.
- The Act became effective immediately upon approval on October 21, 1946.