The proposed Maharlika Wealth Fund bill is likely to pass its second reading at the House of Representatives before the end of the month, a House leader said Wednesday.
“We don’t have a definite timeline but my estimate, probably second reading by this December. Hanggang doon lang [That is all I can say],” House Majority Leader and Zamboanga City Representative Manuel Jose "Mannix" Dalipe, one of the authors of House Bill 6398, said in a chance interview.
“In so far as the Committee of Rules is concerned, aabot siya ng second reading ngayong [it will reach second reading this] December. There are no specific instructions from the Speaker,” he added. “This Maharlika fund will be funded by the contributions of SSS, GSIS members, as well as the Landbank of the Philippines and the Development Bank of the Philippines which primarily serves the farmers and small businesses. Isinusugal ng gobyernong ito ang pondo natin sa Maharlika Wealth Fund,” she added.
“We should not let up on protesting because we...in the opposition, Makabayan...we don’t have enough numbers [to oppose it] once it is put into vote. That is why the voice of the people is important, the voice of the pensioners, contributors, employees, is crucial in stopping this measure,” she added.
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