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SIXTEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session 
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SENATE 
SBNo. 184 
Introducedby Senator Ramon Bong RevillatlJr. 
EXPLANATORY NOTE 
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JUL -1 P 4 :23 
Public officials and staffs are public figure, Everything thing should be 
transparent. Bank accounts, financial statements, bonds and property owned should be 
declared and checked by the monitoring board and Bureau of Internal Revenue. 
With this bill passed, we are showing relationship between the citizens of the 
Philippines and the government with clear and transparency. Corruption and graft at its 
best to be serve to the civilians. 
Government will have the aid to recover ill-gotten funds. 
Appro,yal of this bill is earnestly sought. 


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SIXTEENTH CONGRESS OF THE 
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REPUBLIC OF THE PHILIPPINES 
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First Regular Session 
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SENATE 
SBNo.-ll4 
Introduced by Senator Ramon Bong Revilla, Jr. 
AN ACT 
REQUIRING PUBLIC OFFICIALS AND EMPLOYEES T.o 
SUBMiT A WRITTEN PERMISSION OR WAIVER IN FAVOR OF THE 
OMBUDSMAN TO LOOK INTO ALL DEPOSITS OF WHATEVER NATURE 
WITH BANKS OR BANKING INSTITUTIONS BOTH WITHIN AND 
OUTSIDE THE PHILIPPINES INCLUDING INVESTMENT BONDS ISSUED 
BY THE GOVERNMENT OF THE PHILIPPINES, ITS POLITICAL 
SUBDMSIONS AND INSTRUMENTALITIES AND PROVIDING 
PENALTIES THEREFOR 
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress Assembled: 
Section 1. Declaration of Policy. It is hereby declared a policy of the State 
for all public officials and employees to be open and transparent in all of their 
financial transactions and dealings. 
Section 2. Submission of Written Permission or Waiver. All public officials 
and employees, except those who serve in an honorary capacity, shall submit with the 
office of the Ombudsman a written permission or waiver in favor of the Ombudsman to 
look into all deposits of whatever nature with banks or banking institutions, both within 
and outside the Philippines, including investment bonds issued by the govermnent of 
the Philippines, its political subdivisions and instrumentalities. 
The aforestated written permission or waiver shall be submitted within thirty (30) 
days from the date of their assumption of office; Provided, however, that public officials 
and employees who are already exercising the functions of their respective offices upon 
the effectivity of this Act shall submit the same not later than thirty (30) days from the 
effectivity of the Rules and Regulations implementing the provisions of tMs Act. 
Section 3. Prohibition in Case of Failure or Refusal to SUbmit Written 
Permission or Waiver. Any public official or employee who fails or refuses to submit 
such written permission or waiver as required by this Act shall not be allowed to 
enter upon, or continue exercising, the functions of her office. 
Section 4. Limitation on Use. Only the Office of the Ombudsman may obtain 
or use the written JXirmission or waiver filed under this Act, or any other information or 
date obtained as a result thereof; Provided, however, that the same shaH be used 
exclusively for investigating a duly sigoed and verified complaint and! or prosecuting 
a 
case 
before the Sandiganbayan; 
Provided further, 
that the Office of the 


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Ombudsman or any other agency or instrumentality of the Government or any 
person may not usc the same for any purpose. 
Section 5. Promulgation of Rules and Regulations. The Office of the 
Ombudsman shall have the primary responsibility for the administration of this Act; 
Provided, however, that it shall enlist the advice of the Department of Justice and the 
Banko Sentral ng Pilipinas in drafting the form of the written permission or waiver as 
required by the provisions of this Act. 
Section 6. Penalties. 
(a) Any person who violates the provisions of Section 3 hereof shall be 
punished with a fine not exceeding the equivalent of one (1) year salary 
or suspension not exceeding one (1) year, or removal from office and, 
upon the discretion of a court of competent jurisdiction, disqualification to 
hold public office, 
(b) Any person who violates the provisions of Section 4 hereof shall be 
punished with imprisonment of not exceeding six (6) years or a fine not 
exceeding One Hundred Thousand Pesos (P 100,000,00) or both, 
Section 7. Separability Clause. In the event any portion or provision of this 
Act is declared unconstitutional, the remainder of this Act or any provisions not ~ffected 
thereby shall remain in force and in effect. 
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Section 8. Repealing Clause, The relevant provisions of Republic Act Nos, 
1405, 3019, 6713', as well as all laws, decrees and orders or parts thereof 
inconsistent herewith are deemed repealed or modified accordingly, 
Section 9. Effectivity. This Act shall take effect 15 days after its complete 
publication in at least two (2) newspapers of national circulation, 
Approved,