MANILA, Philippines — Speaker Lord Allan Velasco has filed a bill proposing a third installment of the Bayanihan Law, which would provide a P420-billion fund to help the country recover amid the economic crash triggered by the Covid-19 pandemic.
Velasco, together with Marikina City 2nd District Rep. Stella Luz Quimbo, filed last Thursday House Bill (HB) No. 8628, or the proposed “Bayanihan to Arise As One Act” or Bayanihan 3.
Some 115 members of major political parties and blocs in the House have expressed their support and signified intent to co-author the said bill, Velasco said in a statement on Sunday.
He said the two previous Bayanihan La…
Keep on reading: Velasco proposes P420-billion Bayanihan 3 law