Bayanihan 2 still under study, says Ping
The proposed Bayanihan 2 act is still under review by senators and will go through the same legislative process as Bayanihan 1 last March, Sen. Panfilo Lacson said Thursday.
But this early, Lacson said the bill is likely to benefit only industries affected by the COVID-19 pandemic.
“We are still in the process of reviewing the proposed measure sent by the Executive Department. And we will go through the same legislative process we followed when we enacted Bayanihan 1,” he said at a meeting of the Rotary Club of Manila.
He said the Accelerated Recovery and Investments Stimulus for the Economy (ARISE) bill at face value could be a good approach to providing the stimulus that our business enterprises and industries need at this time.
“The initial reading of some provisions would suggest that only industries affected by the pandemic should benefit from the financial support or stimulus package being proposed by the executive branch,” he added.
So far, he said his staff is still reviewing all the provisions.