THE Department of Economy, Planning, and Development (DEPDev) lauded the Senate and the House of Representatives for the passage of seven more priority bills of the Marcos administration during the 19th Congress.
In a statement, the DEPDev commended the ratification of the reconciled versions of the following measures under the Common Legislative Agenda (CLA), identified by the Legislative-Executive Development Advisory Council (Ledac):
Government Optimization Act
Liberalizing the Lease of Private Lands by Foreign Investors
E-Governance Act
Konektadong Pinoy Act
Virology Institute of the Philippines
Accelerated and Reformed Right-of-Way (Arrow) Act
Enhanced Fiscal Regime for Large-Scale Metallic Mining Act
Once signed by the President, these seven bills will be added to the 33 measures already enacted under the CLA, raising the total to 40.
“This achievement would not have been possible without the heightened synergy between the Senate and the House of Representatives. We extend our sincere gratitude to Senate Presidents Francis Escudero and Juan Miguel Zubiri, and House Speaker Ferdinand Martin Romualdez, for their unwavering commitment to advancing our country’s legislative agenda for a brighter future for all Filipinos,” said Economy, Planning, and Development Secretary Arsenio M. Balisacan.
Among the 33 enacted measures are landmark economic and tax reforms such as the following:
Public-Private Partnership (PPP) Code of the Philippines
Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act
Real Property Valuation and Assessment Reform Act
Capital Markets Efficiency Promotion Act
Trabaho Para sa Bayan Act
Tatak Pinoy Act
These also include critical measures on social development, particularly in education, such as the Academic Recovery and Accessible Learning Program Act and the Enterprise-Based Education and Training Framework Act, as well as measures to boost agricultural productivity, such as the New Agrarian Emancipation Act, the Anti-Agricultural Economic Sabotage Act, and the Amendments to the Agricultural Tariffication Act, which were also signed into law.
“As we look ahead to the 20th Congress, we are hopeful for continued momentum in advancing our legislative agenda. In particular, DEPDev fully supports the passage of the Department of Water Resources Bill and the proposed National Land Use Act, as part of our thrust to complete the groundwork for more efficient governance and sustainable development in the years ahead,” Balisacan added. (TPM/SunStar Philippines)