AN ACT AMENDING CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED FORTY-EIGHT HUNDRED SIXTY, AS AMENDED, AND PRESIDENTIAL DECREE NUMBERED NINETEEN HUNDRED SIXTY-ONE, AS AMENDED, RELATING TO FOREIGN BORROWING

AN ACT RESTORING TO CONGRESS THE POWER TO APPROPRIATE PAYMENTS ON DEBT SERVICE, REVIVING FOR THE PURPOSE SECTION 6 OF REPUBLIC ACT NO. 4860 (FOREIGN BORROWING ACT), AND REPEALING SECTION 7 OF PRESIDENTIAL DECREE NO. 81, SECTION 31 OF PRESIDENTIAL DECREE NO. 1177 AND SECTIONS 1, 2 AND 3 OF PRESIDENTIAL DECREE NO. 1967

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 PROVIDING FOR A CAP ON PUBLIC DEBT TO ENSURE LONG-TERM FINANCIAL SUSTAINABILITY THROUGH FISCAL DISCIPLINE

AN ACT TO PROMOTE ACCOUNTABILITY AND TRANSPARENCY ON FOREIGN LOANS OBTAINED BY THE COUNTRY CREATING FOR THE PURPOSE A COUNCIL FOR DEBT RELIEF TO REVIEW AND ASSESS BILATERAL AND MULTILATERAL LOAN AGREEMENTS, TREATIES AND CONTRACTUAL OBLIGATIONS ENTERED INTO BY THE PHILIPPINE GOVERNMENT

RESOLUTION DIRECTING THE SENATE COMMITTEE ON ECONOMIC AFFAIRS TO CONDUCT AN INQUIRY, IN AID OF LEGISLATION, ON THE DEFERMENT BY THE WORLD BANK OF A $232-MILLION SOFT LOAN TO THE PHILIPPINES ON ALLEGATIONS OF CORRUPTION

RESOLUTION DIRECTING THE COMMITTEE ON PUBLIC WORKS AND OTHER APPROPRIATE SENATE COMMITTEES TO CONDUCT AN INQUIRY IN AID OF LEGISLATION, ON THE REPORTED DEFERMENT OF THE $232M WORLD BANK LOAN TO THE PHILIPPINES