The executive branch was aware of minor errors in the enrolled version of the Maharlika Investment Fund Act before it was signed into law by President Ferdinand Marcs Jr., Executive Secretary Lucas Bersamin said on Tuesday.
“We were made aware only of some minor syntax problems…but those are very minor,” he told CNN Philippines’Marcos signed the controversial law creating the country’s sovereign wealth fund on July 18. The National Union of Peoples’ Lawyers said it is working with the Makabayan bloc and other groups and experts to look into steps they can take following the signing of the measure., one of their arguments will be regarding the law’s approval procedure in relation to the alleged amending of some parts of the law after it was approved by Congress.
Senate President Juan Miguel Zubiri denied the law was tampered, specifically the differing provisions on the prescription period for violation of the measure. He alsoHe explained that it was an honest mistake by the secretariat which overlooked deleting the 20 years to replace the original 10-year period. The amendment was recommended by Senator Risa Hontiveros, but it was rejected by the bill’s author Senator Mark Villar.
Bersamin said they did look into the enrolled bill first before it was signed by the president. He noted that they had no doubts about the accuracy of the version sent to the executive branch because it was signed by House Speaker Martin Romualdez and Zubiri.
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