MANILA, Philippines — The House of Representatives on Tuesday approved on third and final reading the proposed Free OFW Financial Education Act.
A total of 179 lawmakers voted for House Bill 10914.'This landmark legislation ensures that our overseas Filipino workers and their families will receive free comprehensive financial education, equipping them with the knowledge and tools they need to secure their financial future,' Speaker Ferdinand Martin Romualdez said.
According to a press release from the House chief's office, the bill requires 'OFWs to undergo continuously updated financial education or literacy training seminars as part of their Pre-Departure Orientation Seminars and Post-Arrival Training Seminars .'Under the bill, Filipino seafarers may attend the seminars at their points-of-hire or within a reasonable time after returning to the Philippines.
Okays 'Free OFW Financial Education Act'
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