House approves PHP162B Bayanihan 2 Law
The House of Representatives approved on third and final reading the Bayanihan to Recover As One Act (Bayanihan 2) with a PHP162-billion standby fund.
The bill, which received 242 affirmative votes, six negative votes, and no abstentions, aims to support response measures addressing the COVID-19 pandemic.
The proposed law includes provisions for hiring additional healthcare workers, purchasing personal protective equipment (PPEs), constructing quarantine facilities, implementing cash-for-work programs, expanding credit for government financial institutions, and providing aid to transport and tourism industries.
Speaker Alan Peter Cayetano emphasized that Bayanihan 2 is not just a reaction to the pandemic but also a response to remaking society and spreading wealth across regions.
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