House of Representatives Speaker Ferdinand Martin Romualdez over the weekend revealed 11 extra payments as a part of the Legislative-Executive Development Advisory Council (LEDAC), together with the controversial Maharlika Investment Fund (MIF).
These extra payments will carry the precedence measures of the administration of President Ferdinand “Bongbong” Marcos Jr. to 42 from the unique 31 talked about in his first State of the Nation Address (SONA) in July 2022.
“President Marcos approved eleven bills designed to address key issues on public health, job creation, and further stimulate economic growth as part of his administration’s priority legislation,” Romualdez mentioned in an announcement launched Sunday.
“They are intended to sustain our economic growth, hasten the country’s digital transformation and speed up the delivery of public services to our people, among other objectives,” he added.
Romualdez was with Marcos, his cousin, in a five-day official go to to the United States, and the coronation of King Charles in London final week.
Now in numerous phases of growth, the 11 payments embrace:
- Amending the AFP Fixed Term Bill
- Ease of Paying Taxes
- Maharlika Investment Fund
- Local Government Unit Income Classification
- Amendment to Universal Health Care Act
- Bureau of Immigration Modernization
- Infrastructure Development Plan or Build, Build, Build Program
- Philippine Salt Industry Development Act
- Philippine Ecosystem and Natural Capital Accounting System (PENCAS)
- National Employment Action Plan, and
- Amendment to the Anti-Agricultural Smuggling Act
The MIF seeks to permit the federal government to speculate surplus reserves or revenues in actual property and monetary property. Romualdez is among the many authors of the measure, which can also be backed by the federal government’s financial cluster led by Finance Secretary Benjamin Diokno.
The House of Representatives authorised the MIF on third and closing studying final December, with dividends from the Bangko Sentral ng Pilipinas (BSP) and state-run banks dropped as attainable funding sources in line with Albay Representative Jose Maria “Joey” Salceda.
Its counterpart reached the Senate plenary in March, three weeks after the Senate Committee on Banks, Financial Institutions, and Currencies ended its hearings on the matter.
Romualdez mentioned the eight remaining LEDAC payments from the unique 31 payments are focused to be authorised by the management earlier than the Congress adjourns sine die on June 2. The House had already authorised 20 on third and closing studying.
“It will be on a best-effort basis. We will try to pass the remaining eight bills from the original priority list. If we could do that, we would have approved all of the urgent measures identified by President Marcos in less than a year,” Romualdez mentioned.
The eight remaining precedence measures are payments on establishing regional specialty hospitals, enabling regulation for the pure fuel business, the National Land Use Act, the Department of Water Resources and Services and creation of the Water Regulatory Commission, the Budget Modernization Act, the National Defense Act, amendments to the Electric Power Industry Reform Act (EPIRA), and a invoice on a unified system of separation, retirement, and pension for uniformed personnel.
The House additionally recognized 13 precedence measures together with:
- The On-Site, In-City Near City Local Government Resettlement Program;
- Open Access in Data Transmission;
- Mandatory Establishment of Evacuation Centers in Every City, Province, and Municipality Permanent Evacuation Centers;
- Online Registration of Voters;
- Constitutional Convention (RBH No. 6) Calling for Constitutional Convention;
- Implementing RBH No. 6;
- Amendments to the Philippine Crop Insurance Corporation (PCIC) Charter, which have been despatched to the Senate following third and closing studying approval;
- Estate Tax Amnesty Act Extension, which is for calendaring by the House Committee on Rules;
- Government Procurement Reform Act, which is below technical working group (TWG);
- Department of Disaster Resilience and Livestock Development and Competitiveness Bill, which is below committee deliberations;
- Department of Fisheries and Aquatic Resources; and
- Wage Employment Assistance Program for Displaced and/or Vulnerable Workers, which is for committee deliberations
—LBG, GMA Integrated News
Source: www.gmanetwork.com
