Legislative History
| House Bill/Resolution NO. HB06606 | |
| FULL TITLE : AN ACT APPROPRIATING THE SUM OF THREE HUNDRED SEVENTY BILLION PESOS (P370,000,000,000) FOR THE 2020 FISCAL STIMULUS PACKAGE TO ADDRESS THE ECONOMIC IMPACT OF COVID-19 | |
| ABSTRACT : Intends to address the potential impact of COVID-19 on the economy due to revenue decline brought about by the reduction of economic output if the COVID-induced disruption lasts longerAims to provide sufficient safety nets and immediate assistance to affected sectors by reallocating fund through the General Appropriations Act of 2020 contingency and unspent funds, as the main economic measure to address the current public health emergency to keep the economy on track.Proposes that the fund shall be allocated as follows:a) Forty-three Billion Pesos - tourism sectorb) Fifteen Billion Pesos - displaced workersc) Fifty Billion Pesos - businessesProposes to establish an Inter-Agency Task Force which shall develop the fiscal stimulus package and manage the use of funds, to be headed by the NEDA, with representatives from the DOT, DOLE, DTI, DOF, and DBM. | |
| ALIAS NAME : "Economic Rescue Plan For Covid-19" | |
| PRINCIPAL AUTHOR/S : QUIMBO, STELLA LUZ A. | |
| DATE FILED : 2020-03-12 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Lopez (M.L.) (000 2020-05-11) | 2. Robes (000 2020-05-26) |
| 3. Abante (000 2020-05-19) | 4. Abaya (000 2020-05-19) |
| 5. Abueg-Zaldivar (000 2020-05-19) | 6. Aglipay (000 2020-05-19) |
| 7. Albano (A.) (000 2020-05-19) | 8. Alvarez (F.) (000 2020-05-19) |
| 9. Belmonte (000 2020-05-19) | 10. Benitez (000 2020-05-19) |
| 11. Bordado (000 2020-05-19) | 12. Chatto (000 2020-05-19) |
| 13. Dagooc (000 2020-05-19) | 14. De Jesus (000 2020-05-19) |
| 15. De Venecia (000 2020-05-19) | 16. Del Mar (000 2020-05-19) |
| 17. Ebcas (000 2020-05-19) | 18. Fortun (000 2020-05-19) |
| 19. Garin (J.) (000 2020-05-19) | 20. Torres-Gomez (000 2020-05-19) |
| 21. Guya (000 2020-05-19) | 22. Hataman (000 2020-05-19) |
| 23. Mariano-Hernandez (000 2020-05-19) | 24. Padiernos (000 2020-05-19) |
| 25. Ramirez-Sato (000 2020-05-19) | 26. Sangcopan (000 2020-05-19) |
| 27. Singson-Meehan (000 2020-05-19) | 28. Suansing (E.) (000 2020-05-19) |
| 29. Suansing (H.) (000 2020-05-19) | 30. Suntay (000 2020-05-19) |
| 31. Tan (S.A.) (000 2020-05-19) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB06815 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON DEFEAT COVID-19 AD-HOC COMMITTEE ON 2020-05-04 |
Abstract
Intends to address the potential impact of COVID-19 on the economy due to revenue decline brought about by the reduction of economic output if the COVID-induced disruption lasts longerAims to provide sufficient safety nets and immediate assistance to affected sectors by reallocating fund through the General Appropriations Act of 2020 contingency and unspent funds, as the main economic measure to address the current public health emergency to keep the economy on track.Proposes that the fund shall be allocated as follows:a) Forty-three Billion Pesos - tourism sectorb) Fifteen Billion Pesos - displaced workersc) Fifty Billion Pesos - businessesProposes to establish an Inter-Agency Task Force which shall develop the fiscal stimulus package and manage the use of funds, to be headed by the NEDA, with representatives from the DOT, DOLE, DTI, DOF, and DBM.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.