Recto files P485B Bayanihan III bill
Senator Ralph Recto filed Senate Bill No. 1953, known as Bayanihan III or the 'Bayanihan to Rebuild as One Act,' worth P485 billion.
The bill aims to help the economy recover from the pandemic and recent typhoons that hit Luzon in October and November.
Unlike previous Bayanihan laws, this bill does not grant special powers to President Duterte.
Recto emphasized the need for swift action on Bayanihan III to address economic downturns and urgent needs of affected areas.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics