HB08014: AN ACT EXTENDING THE EFFECTIVITY OF BAYANIHAN 2 AMENDING FOR THIS PURPOSE REPUBLIC ACT NO. 11494 OTHERWISE KNOWN AS THE BAYANIHAN TO RECOVER AS ONE ACT
This bill proposes a simple yet critical extension of the effectivity of Republic Act No. 11494, also known as the Bayanihan to Recover as One Act (Bayanihan 2). The current deadline for the Act's effectivity is December 19, 2020, and this bill seeks to extend it to January 31, 2021. The primary reason for this extension is to ensure that the entirety of the allocated funds under Bayanihan 2 can be fully disbursed to the respective agencies responsible for implementing programs to combat the COVID-19 pandemic and aid in recovery efforts.
The immediate approval of this measure is earnestly sought to prevent funds from lapsing and to ensure that the financial assistance and support intended for the Filipino people and various sectors affected by the pandemic are fully utilized as originally planned. This extension provides a necessary buffer period for the completion of fund transfers, directly impacting the effective delivery of government services and assistance during a critical time of national recovery.