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House panels OK substitute bill for Bayanihan 3


House panels OK substitute bill for Bayanihan 3
By ANNA FELICIA BAJO, GMA News
Published May 24, 2021 11:28am
Updated May 24, 2021 2:59pm
The House Committee on Economic Affairs and Committee on Social Services on Monday approved the still unnumbered substitute bill and the committee report on the proposed third Bayanihan law.
In the joint meeting, Speaker Lord Allan Velasco said at least 290 members of the chamber are principal authors and co-authors of the proposed Bayanihan to Arise as One Act.
Velasco, one of the key proponents of the measure, appealed to the Senate and the Executive department to support them in pushing for the bill. ....

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Bayanihan III budgets P10B for displaced OFWs' temporary jobs


BusinessWorld
May 24, 2021 | 8:09 pm
THE PROPOSED third stimulus package will allocate P10 billion to provide temporary employment to repatriated overseas Filipino workers (OFWs) and additional funds for the testing of returned workers and those leaving to work overseas.
The substitute bill for the Bayanihan to Arise as One Act tasks the Department of Labor and Employment with finding temporary employment for displaced OFWs.
The measure likewise allocates P400 million for swab tests for migrant workers.
“To help facilitate the safe return to their place of residence or their immediate deployment for overseas employment, seafarers and OFWs shall be entitled to free swabbing and reverse transcription-polymerase chain reaction (RT-PCR),” according to the bill. ....

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Plan to tap GOCCs for stimulus clears House panel


BusinessWorld
May 3, 2021 | 8:43 pm
PHILSTAR
THE HOUSE Committee on Ways and Means has approved a proposal to tap government companies’ dividends more extensively to fund the third stimulus package.
The sourcing of funds from government-owned and -controlled corporations (GOCCs) was approved by the panel in passing the revenue generation provisions of the unnumbered substitute bill that, if approved, will enter the books as the Bayanihan to Arise as One Act, known informally as Bayanihan III, according to a statement issued by the committee’s chairman, Albay Rep. Jose Ma. Clemente S. Salceda.
The bill hurdled the House Committee on Economic Affairs and Social Services last week and will be referred to the House Committee on Appropriations. ....

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