Daily News

House Oks P162 Bn Bayanihan 2 Bill in landslide vote

The House of Representatives passed the P162-billion Bayanihan to Recover as One bill in a landslide vote in hopes of stimulating the economy during the pandemic-fueled recession. The 302-member chamber approved House Bill No. 6953 by a 242-6 vote. The measure, however, will have to be reconciled with the version passed by the Senate in July, which proposes a standby fund of only P140 billion, P22 billion lower than the House. Speaker Alan Peter Cayetano described the House bill as a “reaffirmation of the spirit of cooperation and community that our race is famous for.”