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  • Cong. Espares Files Eight Co-op Bills in House of Representatives

Cong. Espares Files Eight Co-op Bills in House of Representatives

Posted July 14, 2022

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Your COOP-NATCCO Partylist is hard at work to advance the co-operative cause in Congress.

Just one week after he assumed his seat in the House of Representatives, COOP-NATCCO Representative Felimon Espares filed on July 6 eight ( 8 ) House Bills that - if signed into law - will benefit co-operatives and their members nationwide.

These are: 

First, a Bill proposing some amendents to the Cooperative Code of 2008.  The amendments will be given in a separate article in this website.  

Second is a Bill that will "Prescribe more powers, activities, and increased capitalization for the Philippine Crop Insurance Corporation (PCIC)."  Many members of co-ops in the provinces are farmers who borrow capital from co-ops.   When hit by typhoons or drought, they suffer financially and do not pay their loans.  This increased activity and coverage by the PCIC spreads the burden of the risk away from farmers and their co-ops.

Said Bill also     "expands the PCIC’s insurance lines to include agricultural guarantee loans, and extending coverage to other  areas of  agriculture,  such as livestock,  aquaculture, fishery,  agroforestry  and  forest  plantations,  in  order  to  address  the insurance needs of the target sector."

Third is a Bill that provides that in the Board of the Land Bank of the Philippines, "at least one representative shall come from an organized agrarian reform beneficiaries farmers cooperative and one who shall represent the cooperative sector."  To prevent political appointees, the Bill specifies that only the registered co-op federations and unions shall nominate the representative from among their ranks.

Fourth is a Bill to require each local government unit (LGU) to allot to co-operatives two percent (2%) of the appropriations for local development projects provided under the Local Government Code of 1991.  Section 287 if the Local Government Code of 1991 provides that each LGU shall appropriate in its annual budget no less than twenty percent (20%) of its annual internal revenue allotment for development projects. The proposed measure intends to require each LGU to allot cooperatives two percent (2%) of its appropriation for development projects. The cooperatives will then use this funding to implement its plans, programs, activities and services for the benefit of the LGU and its constituents. 

Fifth is a Bill which shall become the "Cooperative Banking Act."  At present, co-op banks are under the Banking Law, which caters to commercial banks.  A CBA will - finally -define and detail the organizational framework of co-op banks.

Sixth is a Bill that will establish "a comprehensive system of registration and licensing of social welfare and development agencies (SWADAs) and accreditation of social welfare and development programs and services and appropriating funds.  The Bill sets standards, registration, accreditation and monitoring requirements, and appropriation of funds for organizations engaged in social welfare and development activities. This Bill had been introduced at the 17th Congress by then COOP-NATCCO Partylist Rep. Sabiniano Canama. 

Seventh are two bills to boost transport co-ops.  

For the Public Utility Vehicle Modernization Program (PUVMP), the Dept. of Transportation shall "direct all individual franchise holders to consolidate themselves into a cooperative or a corporation as the only two (2) legal entities recognized to operate and implement the PUVMP."

To finance the transport co-ops, another Act will establish a “Transportation Cooperative Development Loan Fund.”

The Fund will be sourced from the Motor Vehicle User’s Charge on owners of all types of motor vehicles as provided for under Republic Act No. 8794 promulgated on June 27, 2000 in the amount of Php 50 Billion, and will be administered by the Development Bank of the Philippines (DBP).


 


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  • COOP-NATCCO Partylist
  • Cooperative Code
  • Felimon Espares
  • House of Representatives
  • Philippine Congress
  • philippines

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