Neptali Gonzales II —PHOTO FROM HOUSE OF REPRESENTATIVES
The House of Representatives, meeting as a whole committee, took a significant step towards Charter change (Cha-cha) by approving Resolution of Both Houses No. 7 (RBH 7) on Wednesday.
This step is similar to endorsing a committee report. House leaders anticipate the next stage, the approval on second reading, to occur next Wednesday or before the Holy Week break.
To get to this point, the chamber had conducted six hearings since Feb. 19, inviting various resource persons, mainly legal experts, to weigh in regarding proposals to amend the economic provisions of the 1987 Constitution.
RBH 7 seeks to lift the restrictions on foreign ownership in public utilities, educational institutions and advertising.
Should be faster now
In a press conference on Wednesday, Deputy Majority Leader and Mandaluyong Rep. Neptali Gonzales II said that “based on the timeline shared with me, [March] 11, 12, 13 will be the second reading.”
“I think, it would be approved on second reading by Wednesday,” Gonzales said.
This next stage “will be faster as it will be limited to members’ interpellations” compared to the earlier hearings that involved exchanges with resource persons.
“But when we go on second reading, only the sponsor will have to answer,” said Gonzales, who serves as majority leader for the committee.
Also at the press briefing, Bataan Rep. Geraldine Roman said the progress made by the House on RBH 7 was “also a reminder to our colleagues in the Senate that we would have to work with a sense of urgency.”
Also at the press briefing, Bataan Rep. Geraldine Roman said the progress made by the House on RBH 7 was “also a reminder to our colleagues in the Senate that we would have to work with a sense of urgency.”
“If the ultimate goal is basically to approve (the Senate’s) RBH 6, it should be approved at the time when we do not have to hold a plebiscite alongside the national elections,” Roman added.
‘Unless otherwise…’
RBH 7 is a virtual replica of the Senate’s RBH 6, which basically seeks to insert the phrase “unless otherwise provided by law” in the economic provisions to give them the crucial flexibility that would allow 100-percent foreign ownership in the three industries covered by the resolution.
The resolution’s adoption by the House followed a series of hearings in which the pros and cons of the current 40-percent limit on foreign ownership was discussed.
Administration lawmakers argued that keeping this cap would pose a significant barrier to substantial increases in foreign direct investment in the country and thus limiting economic growth potentials.
Minority lawmakers led by Gabriela Rep. Arlene Brosas, however, argued that relaxing the provisions would effectively cede to foreign interests a significant measure of control over the economy.
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