Once the House of Representatives ratifies the bill next week, the proposed Bayanihan to Recover as One Act or Bayanihan 2 will be transmitted to the President for signing into law.
The Senate ratified Thursday evening the Bayanihan to Recover as One Bill which is the government's response to revive the ailing economy amid the coronavirus pandemic.
In a message to the media, Senator Sonny Angara, chairman of the Senate Committe on Finance and a member of the bicam, said the reconciled version will provide a budget of ₱140 billion to help affected sectors battle the health crisis.
Upon Congress’ ratification, the proposed measure will then be transmitted to President Rodrigo Duterte for final approval. The first version of Bayanihan Law, or Bayanihan to Heal as One Act, earlier gave Duterte the powers to realign the national budget in response to the pandemic.
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