-Imnex B 
FOURTEENTH CONGRESS OF THE REPUBLIC) 
OF THE PHILIPPINES 
) 
1 ,-, 
' ' . 
l,_' 
Second Regular Session 
) 
SENATE 
S.B. No. 3531 
Introduced by Senator Richard J. Gordon, Chairman and members of the 
Committee on Accountability of Public Officers and Investigations 
EXPLANATORY NOTE 
Section 9 Article XII of the Constitution provides that: "The Congress 
may establish all. independent economic and planning agency headed by the 
President, which shall, after consultations with the appropriate public 
agencies, various private sectors, and local government units, recommend to 
Congress, and implement continuing integrated and coordinated programs and 
policies for national development" 
This bill proposes all. amendment to Section 4 of Executive Order 230 of 
July 1987 by including representatives from the private sectors to the 
composition of the National Economic and Development Authority (NEDA) 
Board. This amendment will ensure that the interest of the private sector and 
major key players of the economy will be considered. 
Furthermore, the Committee on Accountability of Public Officers and 
Investigations came up with this bill for two reasons: (1) to prevent another 
NBN-ZTE project that has not been thoroughly studied and scrutinized, (2) to 
prevent collusion among members of the board in approving a project. 
R~GORDON 
Chairman 


Members: 
GREGORIO B. HONASAN II 
RAMON "BONG" REVILLA JR. 
EDGARDO J. ANGARA 
PANFILO M. LACSON 
M.A. MADRIGAL 
MIRIAM DEFENSOR SANTIAGO 
MAR ROXAS 
ANTONIO "SONNY" F. TRILLANES IV 
LOREN B. LEGARDA 
MANUEL "LITO" M. LAPID 
FRANCIS "CHIZ" G. ESCUDERO 
FRANCIS N. PANGILINAN 
COMPANERA PIA S. CAYETANO 
RODOLFO G. BlAZON 
JOKER P. ARROYO 
ALAN PETER "COMPANERO" S. CAYETANO 


Ex-Officio Members: 
JINGGOY EJERCITO ESTRADA 
President Pro-Tempore 
JUAN MIGUEL F. ZUBIRI 
Majority Floor Leader 
AQUILINO Q. PIMENTEL JR. 
Minority Floor Leader 
HON. JUAN PONCE ENRILE 
President 
Senate of the Philippines 
Pasay City 


FOURTEENTH CONGRESS OF THE REPUBLIC) 
OF THE PHILIPPINES 
) 
Second Regular Session 
) 
SENATE 
f) 1-31 
S.B. No. 
.:,,) 
; 
Introduced by Senator Richard J. Gordon, Chairman and members of thc 
Committee on Accountability of Public Officers and Investigations 
AN ACT 
AMENI?ING EXECUTIVE ORDER NO. 230 ALSO KNOWN AS THE 
REORGANIZATION ACT OF THE NATIONAL ECONOMIC AND 
DEVELOPMENT AUTHORITY 
Be it enacted by the Senate and the House of Representatives of the 
Philippines in Congress assembled: 
SECTION 1. Section 4 of Executive Order No. 230 of 1987, also known as the 
Reorganization Act of the National Economic and Development Authority is 
hereby amended to read as follows: 
Section 4. Composition of the NEDA Board shall be composed of the 
following: 
The President - Chairman 
Director-General of the NEDA Secretariat - Vice Chairman 
Secretary of Budget and Management - member 
Secretary of Finance - member 
Chairman of the Senate Committee on Economic Affairs - member 
Chairman of the House Committee on Economic Affairs - member 
Four (4) members from the Business/Private Sector - member 
The four members from the private sector shall each be chosen by 
the following organization or center itself: (1) Philippine Chamber of 
Commerce, (2) Employees Confederation of the Philippines, (3) Asian 
Institute of Management Policy Center, (4) University of the Philippines 
Economic Center. 
The NEDA Board shall meet at least once a month or as frequently as 
necessary to discharge its responsibilities as called for by the President. 
In 
cases where the President is unable to attend a meeting, the Director General 
of the Secretariat may preside as Chairman, in the absence of any Presidential 
preference. 1:he President, however, continues to have the power to designate 


from the members of the NEDA Board the Chairman that can appropriately 
represent the President, to preside over specific meetings. 
SECTION 2. 
Repealing Clause. - Any law, presidential decree or issuance, 
executive order, letter of instruction, administrative order, administrative 
memorandum, rule or regulation contrary to or inconsistent with the 
provisions of this Act is hereby repealed, modified or amended accordingly. 
SECTION 3. Effectivity Clause. - This Act shall take effect fifteen (15) days after 
its publication in at least two (2) newspapers of general circulation. 
Approved,