4-588: The New Agrarian Emancipation Act , officially designated as Republic Act No. 11953 , is a bill passed by the 19th Congress of the Philippines and signed by President Bongbong Marcos on July 7, 2023. The law frees more than 600,000 farmers from debt. The Act complements the Aquino-era Comprehensive Agrarian Reform Program , which condones farmers with awarded lands from amortizations (managed by Land Bank of
8-714: The 19th Congress followed the 2022 general elections , which replaced half of the Senate membership and the entire membership of the House of Representatives. The House of Representatives continues to meet in the Batasang Pambansa Complex . The Senate currently meets in the GSIS Building , with a scheduled move to its new building in Taguig following the sine die adjournment in 2025. The 19th Congress
12-707: The Philippines ), including interest and surcharges. About 610,054 agrarian reform beneficiaries (ARBs) tilling 1,173,101.575 hectares (2,898,797.12 acres) of land are seen to benefit from this law. The Philippine government will pay the remaining balance of the direct compensation due the landowners under the Voluntary Land Transfer (VLT) or the Direct Payment Scheme (DPS) amounting to ₱ 206.2 million . The law covers ₱57.56 billion in agrarian arrears. The first-ever distribution of Certificates of Condonation with Release of Mortgage (COCROM)
16-672: Was held in Lingayen, Pangasinan on July 19, 2024, almost one year after the condonation law took effect. 19th Congress of the Philippines The 19th Congress of the Philippines ( Filipino : Ikalabinsiyam na Kongreso ng Pilipinas ), composed of the Philippine Senate and House of Representatives , convened on July 25, 2022. The 19th Congress is meeting during the first three years of Bongbong Marcos's presidency , and will end on June 6, 2025. The convening of
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