House OKs ‘Bayanihan 3’ on 2nd reading

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Metro Manila (CNN Philippines, May 25) — The House of Representatives on Tuesday approved on second reading the third version of the Bayanihan bill or COVID-19 stimulus package worth ₱401 billion.

House Bill No. 9411 or the “Bayanihan to Arise as One Act” allocates ₱216 billion for a ₱2,000 financial aid that will be provided to all Filipinos in two tranches.

It also seeks to provide aid to households affected by the health crisis through a one-time cash subsidy of ₱5,000 to ₱10,000

The Small Business Wage Subsidy will also be continued and expanded to assist micro, small, and medium enterprises affected by the pandemic.

A wage subsidy amounting to ₱5,000 to ₱10,000 shall also be granted to any qualified employee.

The Department of Labor and Employment will be given ₱25 billion to help displaced workers while the Department of Transportation will get ₱500 million to provide free swab tests for seafarers and overseas Filipino workers.

The special risk allowance for medical frontliners shall also continue.

Moreover, the measure seeks to grant the President the power to direct the operation of any hotel, lodging, and other private establishments to serve as quarantine facilities, temporary medical facilities, or medical relief location. The owner or operator of the private establishment shall be given just compensation for the use of their facilities.