House OKs Bayanihan 2 on second reading

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The House of Representatives approved on second reading Wednesday its version of the Bayanihan: We Recover As One bill, which seeks to aid the country to rebound from the COVID-19 pandemic. (FILE PHOTO)

Metro Manila (CNN Philippines, August 5) — The House of Representatives approved on second reading Wednesday its version of the Bayanihan: We Recover As One bill, which seeks to aid the country to rebound from the COVID-19 pandemic.

House Bill 6953, also known as the Bayanihan 2, appropriated P162 billion standby fund for interventions to address the current health crisis.

The amount includes ₱51 billion set for infusion of capital for government financial institutions, ₱20 billion for low-interest credit for the agriculture sector and implementation of cash-for-work programs, ₱10 billion for the Philippine Health Insurance Corporation and ₱10 billion each for the Transportation and Tourism departments.

The measure also allocated ₱10.5 billion for hiring additional healthcare workers and provision of risk allowance, life insurance and compensation for medical front liners.

The Senate passed its own version on third and final reading on July 28, a day after President Rodrigo Duterte asked Congress to approve the measure during his fifth State of the Nation Address. The Senate's version earmarked P140 billion for socioeconomic and health interventions.