CDA Charter of 2019 awaits the signature of President Duterte » Manila Bulletin News

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

CDA Charter of 2019 awaits the signature of President Duterte

Published

By Vanne Elaine Terrazola

The bill seeking to strengthen and reorganize the Cooperative Development Authority (CDA) now awaits the signature of President Duterte.

Senator Juan Miguel Zubiri (Facebook / MANILA BULLETIN)

Senator Juan Miguel Zubiri
(Facebook / MANILA BULLETIN)

The Senate, before the end of the 17th Congress, ratified the bicameral conference committee report consolidating Senate Bill 2063 and House Bill 9051, or the proposed “Cooperative Development Authority Charter of 2019”.

The House of Representatives earlier approved the same bicam report.

Senate Majority Leader Juan Miguel Zubiri, principal author and sponsor of the measure in the Upper Chamber, said this would answer to the clamor of the cooperative sector for a “more responsive” CDA, and promote cooperatives as a means to achieve inclusive growth in the country.

He said the bill would reorganize the CDA and mandate its partnership with cooperatives in developing policies and plans for the sector.

The bill also mandates the agency to hold education and training programs.

The CDA, he added, would be given “more legal powers” to address problems on “fly-by-night” and unscrupulous cooperatives who abuse members.

Zubiri expressed hope the signing into law of the Bill will pave the way for the full implementation of the Cooperative Code of the Philippines, which he said was “hindered” by the failure to amend the CDA charter.

Sen. Joel Villanueva also lauded the ratification of the bill, saying it has long been languishing in Congress.

Related Posts