Economic Chacha advances in Lower House with second reading

Economic Chacha advances in Lower House with second reading approval


Published May 26, 2021, 10:15 PM
The House of Representatives on Wednesday, May 26 took a big step in amending the 1987 Constitution by passing on second reading a resolution calling for the revision of economic provisions of the 33-year-old Charter.
In a viva voce vote, Resolution of Both Houses No. 2 won second reading approval. Third reading is expected next week.
Sponsored by the House Committee on Constitutional Reforms chaired by Ako Bicol Partylist Rep. Alfredo Garbin, RBH No. 2 seeks to empower Congress to lift constitutional restrictions on foreign investments embodied in the Charter.
Under the legislative measure, the phrase “unless otherwise provided by law” ” will be added to sections in Articles 14 and 16 dealing with the control and ownership of alienable lands of public domain, natural resources, public utilities, educational institutions and mass media.

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