CREATE, anti-money laundering law amendments among Senate’s priorities in session resumption

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Metro Manila (CNN Philippines, January 17) - The ratification of a proposed tax reform and third reading approval of the amendments to the anti-money laundering law are among the Senate’s priorities as it resumes session on Monday.

In a statement, Senate Majority Leader Juan Miguel Zubiri said the chamber will also focus on the ratification of the coconut levy trust fund bill and the bill seeking to simplify the procedure and requirements in granting land deeds to farmers.

The Corporate Recovery and Tax Incentives for Enterprises, which is the second package of the Tax Reform for Acceleration and Inclusion Law, aims to cut corporate income taxes from 30% to 25% for all corporations and 20% for smaller businesses.

Meanwhile, the Senate did not approve before the holiday break the bill that seeks to improve the functions of the Anti-Money Laundering Council due to Malacañang's conditions.

Zubiri also said that the Senate will also push on bills that have been approved on third and final reading but have no approved counterpart from the House of Representatives such as:

-Establishment of separate Prison facilities for Prisoners Convicted of Heinous Crimes.

-Lowering the Minimum Height Requirement for Applicants of the PNP, BFP, BJMP and BuCor

-Protecting Children by Prohibiting and Declaring Child Marriage as Illegal and Providing Programs and Penalties

-Making the position of Cooperatives Development Officer Mandatory in the Municipal, City and Provincial Levels

-Fixing the Validity Period of License to Own and Possess, Permit to Carry Outside of Residence or Place of Business and Registration of Firearms

-Granting Night Shift Differential Pay to the Government Employees including those in the GOCCs

-Creating a National Transportation Safety Board

-Institutionalizing the Grant of a Teaching Supplies Allowance for Public School Teachers

-Expanding the Use of Legal Assistance Fund

-Establishing the Philippine Energy Research and Policy Institute

-Amending Arts. 183 and 184 of Act No. 3815, as Amended Otherwise Known as the Revised Penal Code

-Authorizing the Dept. Of Agriculture to Use the Annual Tariff Revenues in Excess of P10 Billion under RA 11203 for Direct Cash Assistance to Farmers Owning 1 Hectare or Less of Rice Land until 2024

Zubiri added senators will also start the discussion and debates on the following measures:

-Amendments to Retail Trade Liberalization Act

-Increasing age of Statutory Rape

-Amendments to Public services act

-Creation of the Department of OFWs

-E-governance Act

-Military and uniformed Personnel Services Separation, Retirement and Pension Act

-Expanded Solo Parents Welfare Act

-Internet Transactions Act