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SOURCE: Press and Public Affairs Bureau

24 March 2023 09:10:08 PM

What the House of Representatives approved was the Constitutional Convention mode of amending the restrictive provisions that prohibit the entry of foreign investments.
If the Senate wants a different mode, that is their discretion.
The House leadership, however, is willing to open discussions with the Senate on their preferred mode of amending the Constitution if that will lead to an agreement between the two chambers.
We are open to consider any proposal of the Senate and will submit such proposal to Members of the House.
This was what I relayed to Rep. Richard Gomez when he informed me that senators are amenable to economic amendments but through Constituent Assembly.
I commend the efforts of Rep. Gomez and Sen. Robinhood Padilla in trying to forge an agreement between the House of Representatives and the Senate on this issue. (END)