Full Title
AN ACT ESTABLISHING THE MAHARLIKA INVESTMENT FUND, PROVIDING FOR THE MANAGEMENT, INVESTMENT, AND USE OF THE PROCEEDS OF THE FUND, AND FOR OTHER PURPOSES.
Short Title
MAHARLIKA INVESTMENT FUND ACT OF 2023
Congress
Senate Bill No.
S. No. 2020
House Bill No.
H. No. 6608
Legislative History
Floor Activity
Committee Report Senate Link
Date of Approval
July 18, 2023
Legislative History
Legislative History
| Entitled: | |
| AN ACT ESTABLISHING THE MAHARLIKA INVESTMENT FUND, PROVIDING FOR THE MANAGEMENT, INVESTMENT, AND USE OF THE PROCEEDS OF THE FUND, AND FOR OTHER PURPOSES | |
| [ FIRST REGULAR SESSION, 19TH CONGRESS ] | |
| [ 2023 ] | |
| 3/20/2023 | Prepared and submitted jointly by the Committees on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES, joint with Committees on GOVERNMENT CORPORATIONS AND PUBLIC ENTERPRISES, WAYS AND MEANS and FINANCE with Senators MARK A. VILLAR and RAFFY T. TULFO as authors per Committee Report No. 58, recommending its approval in substitution of SBNos. 1670 and 1814, taking into consideration and HBN-6608; |
| 3/20/2023 | Committee Report Calendared for Ordinary Business; |
| 3/20/2023 | Sponsor: Senator MARK A. VILLAR; |
| 3/20/2023 | Transferred from the Calendar for Ordinary Business to the Calendar for Special Order; |
| 3/20/2023 | Sponsorship speech delivered by Senator MARK A. VILLAR; |
| 5/15/2023 | Interpellation of Senators RONALD "BATO" DELA ROSA and GRACE POE; |
| 5/16/2023 | Interpellation of Senators RAFFY T. TULFO and LOREN B. LEGARDA; |
| 5/17/2023 | Interpellation of Senator PIA S. CAYETANO; |
| 5/22/2023 | Interpellation of Senator WIN GATCHALIAN; |
| 5/23/2023 | Interpellation of Senator GRACE POE; |
| 5/23/2023 | Inquiry of Senator JOEL VILLANUEVA; |
| 5/24/2023 | Certified by the President of the Philippines for its IMMEDIATE enactment on 05/22/2023; |
| 5/24/2023 | Interpellation of Senators WIN GATCHALIAN and FRANCIS G. ESCUDERO; |
| 5/24/2023 | Letter from Senator ROBINHOOD PADILLA, conveying his intention to be a co-author pf SBN-2020, received by LBIS; |
| 5/29/2023 | Interpellation of Senators RISA HONTIVEROS, AQUILINO "KOKO" III PIMENTEL, PIA S. CAYETANO and FRANCIS "TOL" N. TOLENTINO; |
| 5/29/2023 | Period of interpellation closed; |
| 5/30/2023 | Period of General Debate; |
| 5/30/2023 | Turno en contra speeches of Senators Pimentel III and Hontiveros; |
| 5/30/2023 | Manifestation of Senator Escudero; |
| 5/30/2023 | Period of committee amendments closed; |
| 5/30/2023 | Period of individual amendments; |
| 5/30/2023 | Period of individual amendments closed; |
| 5/31/2023 | Approved on Second Reading with Amendments; |
| 5/31/2023 | Approved on Third Reading; |
| 5/31/2023 | In favor: (19) Senators SONNY ANGARA, ALAN PETER S. CAYETANO, PIA S. CAYETANO, RONALD "BATO" DELA ROSA, JOSEPH VICTOR G. EJERCITO, JINGGOY E. ESTRADA, WIN GATCHALIAN, CHRISTOPHER LAWRENCE T. GO, MANUEL "LITO" M. LAPID, LOREN B. LEGARDA, ROBINHOOD C. PADILLA, GRACE POE, RAMON BONG REVILLA JR., FRANCIS "TOL" N. TOLENTINO, RAFFY T. TULFO, JOEL VILLANUEVA, MARK A. VILLAR, CYNTHIA A. VILLAR and JUAN MIGUEL "MIGZ" F. ZUBIRI; |
| 5/31/2023 | Against: (1) Senator RISA HONTIVEROS; |
| 5/31/2023 | Abstention: (1) Senator MARIA LOURDES NANCY S. BINAY; |
| 5/31/2023 | Senate designated Senators Villar (M), Cayetano (P.), Dela Rosa, Gatchalian, Tolentino, Cayetano (A) and Pimentel III as conferees to the Bicameral Conference Committee on the disagreeing provisions of SBN-2020 and HBN-6608; |
| 5/31/2023 | House of Representatives designated Representatives Irwin C. Tieng, Joey Sarte Salceda, Stella Luz A. Quimbo, Ralph G. Recto, Felimon M. Espares and Wilbert T. Lee as conferees to the Bicameral Conference Committee on the disagreeing provisions of HBN-6608 and SBN-2020 on May 31, 2023; |
| 5/31/2023 | House of Representatives adopted SBN-2020 as an amendment to HBN-6608 on May 31, 2023; |
| 6/29/2023 | Letter from Senate Secretary Renato N. Bantug, transmitting nine (9) enrolled copies of SBN-2020/HBN-6608, for the signature of Speaker Martin G. Romualdez and Secretary General Reginald S. Velasco; |
| 7/4/2023 | Enrolled copies of SBN-2020/HBN-6608, sent to the Office of the President through PLLO for the signature of the President of the Philippines, His Excellency, President Ferdinand Romualdez Marcos Jr.; |
| 7/19/2023 | Approved and signed into law, in consolidation with HBN-6608, by the President of the Philippines, His Excellency, President Ferdinand Romualdez Marcos Jr. on July 18, 2023 and became |
| 7/19/2023 | REPUBLIC ACT NO. 11954 |
| (Transmitted to the Legislative Records and Archives Service for safekeeping and preservation on July 31, 2023) |
Committees
Committee Report No.
58
Committee Referral
Plenary Deliberations (Click the dates to view the Journal/s)
Plenary Deliberations
| Date | Parliamentary status | Senator(s) |
| 3/20/2023 | Sponsorship Speech | Villar, Mark A. |
| 5/15/2023 | Interpellation | Dela Rosa, Ronald "Bato" Poe, Grace |
| 5/16/2023 | Interpellation | Tulfo, Raffy T. Legarda, Loren B. |
| 5/17/2023 | Interpellation | Cayetano, Pia S. |
| 5/22/2023 | Interpellation | Gatchalian, Win |
| 5/23/2023 | Interpellation | Poe, Grace |
| 5/23/2023 | Inquiry | Villanueva, Joel |
| 5/24/2023 | Interpellation | Gatchalian, Win Escudero, Francis G. |
| 5/29/2023 | Interpellation | Hontiveros, Risa Pimentel, Aquilino "Koko" III Cayetano, Pia S. Tolentino, Francis "Tol" N. |
| 5/29/2023 | Period of Interpellation Closed | |
| 5/30/2023 | Period of Committee Amendments Closed | |
| 5/30/2023 | Period of Individual Amendments | |
| 5/30/2023 | Period of Individual Amendments Closed |
Votes
Votes
Type of vote
Third Reading (5/30/2023)
| Voted Yes | Voted No |
|
|
| Abstained |
|
Other Details
Issuance Category
Legislative Issuance Type
Bill Note
Subjects
Related to Note
R.A. No. 7653, sec. 2
R.A. No. 11211
R.A. No. 11223, sec. 37 (b)
E.O No. 449, s1997
R.A. No. 7656
R.A. No. 10149
The Constitution, Article IX, s1987
R.A. No. 8799
R.A. No. 11232
E.O. No. 2, s2016
Act No. 3815
R.A. No. 3019
R.A. No. 6713
R.A. No. 1379
R.A. No. 7080
R.A. No. 9160
E.O. No. 292, s1987
R.A. No. 9184
R.A. No. 386
R.A. No. 7653, sec. 2
R.A. No. 11211
P.D. No. 1869
Repeal Note
R.A. No. 7653, sec. 2
P.D. No. 1869
R.A. No. 11223, sec. 37
Link From Other Sources
URL (gov.ph)