Senate Minority Leader Aquilino Pimentel III on Sunday said the proposed Maharlika Investment Corp. would virtually take away the power of Congress to identify and allocate funds for infrastructure projects. | MRamosINQ /PDI
“That’s the danger here … There are so many concepts we have to discuss. That’s why I don’t understand why the Senate is rushing its passage,” he said.
No amount of amendments, he insisted, would be enough to insert during the last three legislative days to remedy the defects in the MIF. But Pimentel admitted that the Senate minority bloc, composed of him and Sen. Risa Hontiveros, was “too minority” to take on the chamber’s 22-member supermajority. Asked if he was expecting some of the pro-administration senators to vote against the MIF, he said: “I think they are keeping their cards close to their chest.”Senate Majority Leader Joel Villanueva said the three months that the Senate spent in discussing the envisioned MIF were enough to scrutinize its contents.
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