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LEDAC
COMMON LEGISLATIVE AGENDA (CLA)
As of September 17, 2002
1.
General
Appropriations Act for FY 2003
–
To finance the operations of the government from January 1 to December 31,
2003
2.
SPAV
Bill –
To institute a program to deal with bank
non-performing loans (NPLs) to stimulate real estate and housing industries
without government having to spend a centavo of public funds.
3.
Securitization
Law – To
create the necessary infrastructure to establish a market environment for a
wide range of asset-backed securities i.e., allowing present valuation of
future stream of revenue accruing from the operation of a certain project so
that the money may be used for immediate purposes.
4.
Franchise for the National
Transmission Corporation (TRANSCO) – To reduce potential stranded cost
and universal charge that are passed on to electric power end-users by
enhance the value of transmission assets of NAPOCOR and in turn, increase
its potential privatization value via the grant of legislative franchise. (SONA
2002)
5.
Amendments to the Anti-Money
Laundering Act – To expand the definition of “covered transaction”
to include any suspicious transaction regardless of the threshold amount,
delegate supervisory responsibilities for money laundering compliance to the
BSP and provide access to account information.
6.
Farmland as Collateral –
To ensure economic viability of lands distributed under the CARP
providing access by CARP beneficiaries to credit facilities of regular
commercial banks.
7.
Anti-Terrorism Act - To improve the substantive provisions of our penal laws to
directly address terrorism including the movement of suspected foreign
terrorists and their various resources into the country to protect the
Filipino people from terrorism.
8.
Absentee Voting Scheme –
To allow qualified Filipino voters who are residing or working
abroad to exercise their right to suffrage.
9.
Dual Citizenship Law –
To allow
dual citizenship
in order
to strengthen
unity among Filipinos
here and abroad and to pave the way for their return
and entice them to invest in the Philippines.
110.
Department of Housing – To
establish the Department of Housing that will ensure the rational management
of urban growth, the optimum use of urban land and resources and the
availability of affordable, adequate and decent shelter and other related
basic services.
11. Magna Carta for Barangay
Business Enterprises – To
encourage BBE’s formation and growth in the countryside by granting
non-tax incentives such as access to credit capitalization, technical
training support and marketing assistance.
12.
Removal of Documentary Stamp Tax – To
remove the key impediment to increasing the volume of financial instruments
traded in the secondary market.
13.
Indexation of Sin Taxes – Imposition
of excise tax on tobacco and alcoholic beverages in order to update the
basis of taxation to the present level and to index the same to inflation
rate.
1 14. Corporate Recovery Act – To modernize and clarify rules for rehabilitation and
insolvency of financially distressed enterprises.
15.
National Railways Act –
To speed up rural development, spur the founding of new townships
and ease traffic and urban congestion through the rehabilitation and
reconstruction of the existing and old PNR Network.
16.
Amendments to PDIC Charter –
To strengthen the PDIC by providing permanent and continuing
coverage of all insured deposits. Specifically, restore its authority to
review bank performance.
17.
Free Patents Law –
To fill the gap created by the expiration on December 31, 2000 of
R.A. 6940, otherwise known as the Free Patent Law, and in order to
effectively respond to public clamor for an expeditious administrative
titling of lands that will legitimize their claim, determine actual
occupancy, promote rural productivity, prevent social unrest, and alleviate
poverty.
18.
One Billion Trees/Massive
Reforestation – To mobilize
all sectors of society in planting forest and fruit trees on at least one
million hectares of open and denuded public forest lands, private lands and
idle portions of alienable and disposable lands.
19.
Eid’l Fitr as National Holiday –
To boost cultural and national unity by recognizing the glorious
Moslem heritage through the observance of Eidul Fitr as national holiday in
the entire Philippines.
20.
Electoral Reforms –
To plug-out loopholes and strengthen the electoral system.
21.
Amendments to the Civil Service Act
– To review the Civil Service Code in order to respond to the changing
needs of a professional civil service.
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