The House of Representatives has accepted the Senate’s version of the controversial Maharlika Investment Fund bill. | BPinlacINQ
“Adopted ng Congress ang Senate version ,” Villar’s office said in a message.
The bicameral meeting was held only a few hours after the Senate passed its MIF bill – a version that had veered away from what was approved by the House in December last year.
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House 'very eager' to adopt Senate version of Maharlika billSection 12 of the Senate version of the MIF provides that government financial institutions, government-owned and -controlled corporations (GOCCs) “may invest into the MIF, subject to their respective investment and risk management strategies and approval of their respective boards.” In contrast, the House version approved on third and final reading in December 2022 explicitly states that “under no circumstance that the GOCCs providing for the social security of government employees, private sectors, workers and employees, and other sectors and subsectors, such as but not limited to the Government Service Insurance System (GSIS), Social Security System (SSS), and Home Development Mutual Fund, be requested or required to contribute to the MIF.”
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