House 'agreed' to adopt Senate version of Maharlika bill: senators | ABS-CBN

Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
House 'agreed' to adopt Senate version of Maharlika bill: senators
House 'agreed' to adopt Senate version of Maharlika bill: senators
Jauhn Etienne Villaruel,
ABS-CBN News
Published May 31, 2023 06:30 PM PHT

MANILA — Lawmakers from the House of Representatives have "agreed" to adopt the Senate's version of the controversial bill on Maharlika Investment Fund, 2 senators said Wednesday, saying the compromise would address the public's concern over the measure.
MANILA — Lawmakers from the House of Representatives have "agreed" to adopt the Senate's version of the controversial bill on Maharlika Investment Fund, 2 senators said Wednesday, saying the compromise would address the public's concern over the measure.
"We had a pre-bicam meeting this lunchtime, at pumayag po, nandoon po si Speaker Martin Romualdez, at pumayag po siya na i-adopt ang Senate version. Kaya napabilis yung adoption," Senate President Juan Miguel Zubiri said in a chance interview.
"We had a pre-bicam meeting this lunchtime, at pumayag po, nandoon po si Speaker Martin Romualdez, at pumayag po siya na i-adopt ang Senate version. Kaya napabilis yung adoption," Senate President Juan Miguel Zubiri said in a chance interview.
(Speaker Martin Romualdez agreed to adopt the Senate version, so it fast-tracked the adoption.)
(Speaker Martin Romualdez agreed to adopt the Senate version, so it fast-tracked the adoption.)
The Senate approved on third and final reading its version of the Maharlika bill early morning Wednesday. The bicameral conference committee was convened hours later.
The Senate approved on third and final reading its version of the Maharlika bill early morning Wednesday. The bicameral conference committee was convened hours later.
ADVERTISEMENT
"Most likely the House will adopt the Senate version," bill sponsor Sen. Mark Villar said in a press briefing after the bicam.
"Most likely the House will adopt the Senate version," bill sponsor Sen. Mark Villar said in a press briefing after the bicam.
Villar said that during the bicam meeting, House lawmakers aired some "concerns" about the Senate version of the bill.
Villar said that during the bicam meeting, House lawmakers aired some "concerns" about the Senate version of the bill.
"Meron din silang concerns... Nakinig kami, but ultimately we believe maa-adopt ang Senate version," he said.
"Meron din silang concerns... Nakinig kami, but ultimately we believe maa-adopt ang Senate version," he said.
(They also had concerns. We listened, but ultimately, we believe the Senate version would be adopted.)
(They also had concerns. We listened, but ultimately, we believe the Senate version would be adopted.)
Zubiri said the Senate was eyeing to ratify the measure on Wednesday afternoon.
Zubiri said the Senate was eyeing to ratify the measure on Wednesday afternoon.
President Ferdinand Marcos, Jr. earlier certified the Maharlika bill as urgent despite criticism from some lawmakers, economists and other groups.
President Ferdinand Marcos, Jr. earlier certified the Maharlika bill as urgent despite criticism from some lawmakers, economists and other groups.
The bill has been revised several times due to controversial provisions such as the use of funds from the Government Service Insurance System (GSIS) and the Social Security System (SSS.)
The bill has been revised several times due to controversial provisions such as the use of funds from the Government Service Insurance System (GSIS) and the Social Security System (SSS.)
In the Senate version, Zubiri said investing pension funds in Maharlika was explicitly prohibited.
In the Senate version, Zubiri said investing pension funds in Maharlika was explicitly prohibited.
"I am very proud of this measure, I am very proud of the Senate version, because of the safeguards that we put in place," he said.
"I am very proud of this measure, I am very proud of the Senate version, because of the safeguards that we put in place," he said.
RELATED VIDEO
Read More:
Senate
senator
senators
Maharlika
Maharlika Investment Fund
MIF
Maharlika fund
Senate President
Juan Miguel Zubiri
Migz Zubiri
ADVERTISEMENT
ADVERTISEMENT