Thirty-three out of 42 bills listed as priority measures of President Ferdinand R. Marcos Jr. and the Legislative-Executive Development Advisory Council (LEDAC) have already been approved by the House of Representatives. Know more:
Thirty-three out of 42 bills listed as priority measures of President Ferdinand R. Marcos Jr. and the Legislative-Executive Development Advisory Council have already been approved by the House of Representatives.
The Speaker said it is “worthy to note is both Houses have earlier agreed on a version of the Maharlika Fund, the country’s first ever sovereign investment fund,” which “is designed to promote economic development by making strategic and profitable investments in key sectors, including public road networks.”
Also passed on third reading were the Build-Operate-Transfer Law, Magna Carta of Barangay Health Workers, Valuation Reform, Eastern Visayas Development Authority, Leyte Ecological Industrial Zone, Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery, National Citizens Service Training Program, and National Government Rightsizing.
“Each and every member of this august body truly deserves commendation for a job well done. Congratulations to all of us! When I assumed the post as your Speaker, I invited each one of you to support and join me in fulfilling the aspirations of the Filipino people. For readily heeding this call, I express my sincerest gratitude to everyone,” Romualdez said.
Aside from doing its legislative duties, the Speaker said the House also performed its oversight function to find solutions to the country’s pressing problems, like the recent unwarranted increase in the price of onions. Romualdez said due to the inquiry and work done by the committee on agriculture, the biggest onion cartel in the country has been dismantled and the price of the commodity has returned to its previous level.
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