AN ACT REGULATING THE POWER OF THE PRESIDENT TO RESCIND OR RESERVE EXPENDITURE OF APPROPRIATIONS AUTHORIZED BY CONGRESS, AND FOR OTHER PURPOSES

AN ACT AMENDING SECTION 31 OF PRESIDENTIAL DECREE NO. 1177, ALLOCATING FIFTY PERCENT (50%) OF THE FUNDS, 'FREED' AS A RESULT OF THE AMENDMENT TO AUGMENT THE INTERNAL REVENUE ALLOTMENTS (IRA) OF LOCAL GOVERNMENT UNITS, PROVIDING FOR THE AUTOMATIC RELEASE OF THE INTERNAL REVENUE ALLOTMENTS OF LOCAL GOVERNMENT UNITS AND FOR OTHER PURPOSES

AN ACT ENSURING TRANSPARENCY IN THE ENACTMENT OF THE GENERAL APPROPRIATIONS ACT BY MANDATING THE FULL DISCLOSURE OF THE NATURE, PURPOSE AND AMOUNTS OF CONGRESSIONAL INSERTIONS AND THE COMPLETE IDENTIFICATION OF ALL PROJECTS EMBRACED THEREIN, AND PROHIBITING THE ACTS OF SELF-SERVING APPROPRIATIONS AND APPROPRIATIONS OF THE SAME EXPENDITURE BY DOUBLE OR MULTIPLE ENTRIES IN THE GENERAL APPROPRIATIONS ACT AND FOR OTHER PURPOSES