With Congress set to adjourn this week, House Majority Leader Manuel Jose Dalipe said the chamber is closely monitoring the developments at the Senate regarding the Maharlika Investment Fund bill.
Voting 16-2, the Senate junked Minority Leader Aquilino “Koko” Pimentel’s appeal to refer the Maharlika Investment Fund bill to another committee for further scrutiny.
“The proper committee should have been the committee on GOCCs , not banks. We have to correct this as process is as important as substance. The primary intention is to create a corporate body, not matters relating to banks or financial constitutions,” Pimentel stressed. “The period within which to ask for a consideration of the decision of plenary has long passed. Maliwanag ang rules na kapag lumipas ang 24 hours matapos mapagpasyahan ng plenaryo para makahingi ng pagpapalit ng desisyong yun, hindi na pwede gawin,” Escudero said.
"This is not a motion for consideration because when we first tackle it on the floor, it is theoretical. Now we see the bill before us,” Pimentel said. The controversial measure is poised for approval this week with President Ferdinand Marcos Jr. certifying its passage at the Senate asPimentel also questioned the president’s declaration that it is “urgent” for the Senate to pass the MIF bill, which is considered a priority measure of the Marcos administration.
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