Congress will keep a close watch on how the executive branch will implement the law creating the Maharlika Investment Fund to ensure it is carried out the way Congress intended it, opposition Sen. Risa Hontiveros said. | melvingasconINQ /PDI
“It is clear: the Senate’s version of the bill, which was later on adopted, orders the absolute prohibition of the use of funds of the GSIS, SSS, Philippine Health Insurance Corp. , and other insurance and pension institutions,” she said.
Senate Majority Leader Joel Villanueva backed Hontiveros’ statement on the need for Congress to make sure the implementing rules and regulations “carry the true essence of the law” it had enacted.“This early, we are hearing miscommunication on the Maharlika bill but at the end of the day, the law passed by Congress is clear: it had sought to secure the pension funds of our people,” he said.
“Whatever they want to do, they can’t deviate from the spirit of the law. They were not elected by the people to participate in debates, or change, add, or reduce the contents of this law,” he said.
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