It took only 18 days for the House of Representatives to pass the proposed Maharlika Investment Fund (MIF) Bill, but Quezon 2nd district Rep. David “Jay-Jay” Suarez chose to describe the rather quick process as “congressional surgery”.
It took only 18 days for the House of Representatives to pass the proposed Maharlika Investment Fund Bill, but Quezon 2nd district Rep. David “Jay-Jay” Suarez chose to describe the rather quick process as “congressional surgery”.“The approval of the bill went through congressional surgery. We made sure that not only is it compliant to local laws but congruent to international standards as well,” Suarez said of House Bill No.6608, or the MIF Bill.
According to him, the proposal underwent exhaustive review and rigorous plenary discussions. He said the MIF itself was “fortified with safeguards and safety nets to ensure that fund managers will not be able to dip their hands into the fund’s investments”.
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