{"id":1775543,"date":"2023-05-27T14:59:22","date_gmt":"2023-05-27T06:59:22","guid":{"rendered":"https:\/\/newsinfo.inquirer.net\/?p=1775543"},"modified":"2023-05-27T15:45:43","modified_gmt":"2023-05-27T07:45:43","slug":"senate-to-give-third-reading-on-maharlika-fund-by-first-sessions-end","status":"publish","type":"post","link":"https:\/\/newsinfo.inquirer.net\/1775543\/senate-to-give-third-reading-on-maharlika-fund-by-first-sessions-end","title":{"rendered":"Zubiri: Senate eyes 3rd reading approval for Maharlika Fund, other priority bills"},"content":{"rendered":"
\"Senate<\/a>

Senate President Juan Miguel Zubiri. FILE PHOTO<\/p><\/div>\n

MANILA, Philippines\u2014 The Senate is expected to approve on third and final reading the Maharlika Investment Fund Act before the sine die adjournment of the 19th Congress\u2019 first regular session,\u00a0 Senate President Juan Miguel Zubiri said on Saturday.<\/p>\n

This comes after President Ferdinand Marcos Jr., in a letter to Zubiri on May 22, certified the bill as urgent.<\/p>\n

READ: Bongbong Marcos certifies as urgent Maharlika fund bill in Senate<\/a><\/p>\n

Besides the Maharlika Fund, the higher chamber also intends to approve on final reading three other bills before the session adjourns: Trabaho Para sa Bayan Act, the Regional Specialty Centers Act, and the Estate Tax Amnesty Act.<\/p>\n

If these four priority bills are passed and signed into law,\u00a0the Senate’s first session will have accomplished seven priority measures in total. This tally includes the SIM Registration, the Act Postponing the Barangay Elections, and the AFP Fixed Term Law, all of which have already been enacted.<\/p>\n

Once the House of Representatives adopts the mentioned bills, or they are approved in the Bicameral Conference, they will be forwarded to Malaca\u00f1ang for Marcos’ signature. This process will also apply to the measure on the Condonation of Unpaid Amortization and Interests of Loans of Agrarian Reform Beneficiaries, Zubiri noted.<\/p>\n

\u201cI am proud to say that the Senate has performed very well for the First Regular Session, which typically tends to have a slow start in any Congress because we are essentially starting from scratch and studying all of the bills anew,\u201d he said.<\/p>\n

\u201cAnd now that our Senate committees have really gone into full swing, and been churning out more measures for plenary deliberations, then we can look forward to an even more productive Second Regular Session,\u201d he added.<\/p>\n

Several Legislative-Executive Development Advisory Council (Ledac) priority bills await the Senate’s second reading approval, including the Ease of Paying Taxes Act; the Magna Carta for Filipino Seafarers Act; the Act Institutionalizing the Automatic Income Classification of Provinces, Cities, and Municipalities; the New Philippine Passport Law; amendments to the Public-Private Partnership Act; the Internet Transactions Act; the Mandatory ROTC Act; and the Center for Disease Control Act.<\/p>\n

The Senate has enacted six bills into law, four of which apply nationwide. Sixteen additional bills, including amendments to the National Cultural Heritage Act, are pending Marcos’ approval, Zubiri reported.<\/p>\n

\u201cThe Senate will continue to prioritize the quality of our measures over the speed of our performance or the quantity of our output,” said Zubiri.<\/p>\n

“[B]ut we do expect to be able to devote more time to our plenary duties, now that most of our major Commission on Appointments work have already been dealt with,\u201d said the Senate president, noting the scheduling difficulties in the Senate due to thirteen senators\u2019 CA roles.<\/p>\n

\u201cBut we are nevertheless proud of what we have been able to accomplish without sacrificing the quality of our bills, and we are ready to get right back to work in the Second Regular Session,\u201d Zubiri said.<\/p>\n

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\nSenator: Maharlika Fund a leap into unknown<\/a>
\nMarcos Jr. approves Maharlika fund, 10 other bills as Ledac priority measures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA, Philippines\u2014 The Senate is expected to approve on third and final reading the Maharlika Investment Fund Act before the sine die adjournment of the 19th Congress\u2019 first regular session,\u00a0 Senate President Juan Miguel Zubiri said on Saturday. This comes after President Ferdinand Marcos Jr., in a letter to Zubiri on May 22, certified the […]<\/p>\n","protected":false},"author":1256,"featured_media":1743470,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,45],"tags":[820744],"byline":[820088],"source":[206075],"column":[],"editor":[174403],"videographer":[],"position":[],"class_list":["post-1775543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-stories","category-nation-latest-stories","tag-maharlika-investment-fund-act","byline-sofia-abrogar","source-inquirer-net","editor-dennis-maliwanag"],"acf":[],"yoast_head":"\nZubiri: Senate eyes 3rd reading approval for Maharlika Fund, other priority bills | Inquirer 黑料社<\/title>\n<meta name=\"description\" content=\"The Senate is expected to approve the Maharlika Investment Fund Act before the sine die adjournment of the 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