Manila Bulletin
Recto files bill that will push for passage of 'Bayanihan 3'
Senate President Pro Tempore Ralph Recto has filed a proposed Bayanihan 3 bill, amounting to P485 billion, to aid in the Philippines' economic recovery from the COVID-19 pandemic and recent typhoons.
The bill, formally known as the Bayanihan to Rebuild as One Act (SB No. 1953), does not grant special powers to the President, unlike previous Bayanihan laws.
This stimulus package allocates P55 billion for COVID-19 vaccines and other medications, with an additional P20 billion for vaccine storage.
Currently, a total of P82 billion in programmed and unprogrammed funds has been allotted for the vaccine rollout.
Recto emphasized the importance of securing vaccines for all Filipinos to ensure availability.
The Bayanihan III bill is the Senate's counterpart to House Bill No. 8031 filed by Marikina Representative Stella Luz A. Quimbo.
Previous Bayanihan laws, Bayanihan 1 and Bayanihan 2, authorized packages of P375 billion and P140 billion respectively.
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The House of Representatives approved House Bill 8063 on final reading, extending the availability of funds under the Bayanihan to Recover As One Act (Bayanihan 2) until June 30, 2021.
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Two congressional leaders proposed extending the validity of the Bayanihan to Recover as One Act (Bayanihan 2) until March or June 2021.
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Congress has approved the P4.5-trillion national budget for 2021, which includes P72.5 billion for COVID-19 vaccines.
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The House of Representatives approved on third and final reading House Bill 6656, extending the validity of the 2020 national budget until December 31, 2021.
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The Senate approved on final reading measures to extend the availability of P148 billion in unspent funds under the 2020 national budget and Bayanihan 2.
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