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Senators doubt timely passage of Bayanihan 3; backs special audit of Bayanihan 1, 2


Published May 23, 2021, 2:53 PM
With only two weeks of plenary sessions left, some senators are skeptical if there is time for Congress to pass the proposed third economic stimulus measure that seeks to cushion the impact of the coronavirus (COVID-19) pandemic.
Senator Francis Tolentino noted the Senate has a fully loaded schedule for the next two weeks before the sine die adjournment on June 4, so there might not be enough time to pass the proposed Bayanihan 3.
“I don’t know what the leadership will do because our schedule is loaded…I don’t know how the Senate would be able to insert it (Bayanihan 3) in the schedule,” Tolentino said in Filipino in an interview on Radio DZRH. ....

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NEDA calls for swift passage of bill providing financial aid to distressed enterprises


National Economic and Development Authority
(FACEBOOK / MANILA BULLETIN)
NEDA Assistant Secretary Carlo Abad Santos urged the Senate Committee on Banks, Financial Institutions and Currencies, to fast-track Senate Bill No. 1646 or the proposed Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery or GUIDE bill, which is among the 12 priority measures of the Legislative-Executive Development Advisory Council (LEDAC) for approval before the end of 2021.
“We hope for its swift passage before June this year. Along with other members of the economic team, we are here to express our full support for GUIDE and to request the Senate to facilitate its speedy approval,” Santos said during the virtual hearing led by Sen. Sherwin Gatchalian. ....

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