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The House of Representatives and the Senate are close to making an agreement for the passage of the bill amending the Rice Tariffication Law , Speaker Martin Romualdez said following his first official meeting with Senate President Francis "Chiz" Escudero.“Ongoing po at mukhang nagkakasunduan na ang House at ang Senate at mukhang malapit na. Matatapos din at magkakaroon tayo ng magandang resolusyon,” Romualdez told reporters at an event in Quezon province.
The RTL also limited the function of the NFA as a rice buffer stocking agency, ensuring emergency rice stocks exclusively procured from local palay growers.Romualdez earlier said that the Senate under the leadership of Escudero is open to passing the bill amending the RTL.During the event which was attended by local farmers, the Speaker mentioned the ongoing efforts to amend the RTL to provide further support to farmers and help consumers amid the high prices of commodities.
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