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Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SIXTEENTH CONGRESS
Third Regular Session

House Bill No, 6119

Introduced by HONORABLE SCOTT DAVIES S. LANETE, M.D.

EXPLANATORY NOTE

The Philippines boasts of highly skilled and talented citizens. It ranks among the countries
with the highest number of overseas workers. Deployment of Filipino workers has worked 10
the advantage of the country’s economy. Their financial remittances from abroad continue to
be a major factor in keeping the country’s economy afloat and progressive.

However, it is a given that Overseas Filipino Workers (“OFWs”) do not work abroad for a
long time. It is also a common occurrence for returning OFWs to go back to their financial
status before leaving the country. Thus, it seems as if they did not improve their financial
conditions despite the relatively good fortunes they earned abroad.

This unacceptable condition of retuming OFWs must be avoided as these OFWs are heralded
as the country’s “Modem Day Heroes.” It is high time for the national government to protect
these heroes by equipping them with adequate knowledge in financial management.

As a solution to the fate suffered by retuming OFWS, this bill seeks provide them with the
proper education and training in managing finances as well as wise investment opportunities.
More concretely, this bill seeks to mandate every Filipino worker bound for overseas
deployment to undergo financial and entrepreneurship seminars. By doing so, OFWs will
have the capability to intelligently handle and spend their hard-earned money and
consequently aid them towards an improved financial condition

Hence, the passage of this bill is urgently sought

SCOTT DAVIES S. LANETE, M.D.
epresentati ve
‘Third District, Province of Masbate


Republic of the Philippines
HOUSE OF REPRESENTATIVES.
Quezon City

SIXTEENTH CONGRESS
Third Regular Session

House Bill No. 6119

Introduced by HONORABLE SCOTT DAVIES S. LANETE, M.D.

AN ACT MANDATING EVERY FILIPINO WORKER BOUND FOR DEPLOYMENT
TO UNDERGO FINANCIAL AND ENTREPRENEURIAL SEMINARS, MAKING IT
A REQUIREMENT FOR DEPLOYMENT, AND APPROPRIATING FUNDS
THEREFOR

Be it enacted by the Senate and House of Representatives of the Philippines in Congress
assembled:

Section 1. Short Title. This Act shall be known as “Financial and Entrepreneurial Seminar for
Alll Overseas Filipino Workers.”

Sec. 2. Declaration of Policy. It is the policy of the State to herald labor as a primary social
economic force, It shall protect the rights of workers and promote their welfare. It is also the
policy of the State to afford full protection to labor, local and overseas, organized and
unorganized, and promote full employment and equality of employment opportunities for all.

Sec. 3. Mandatory Free Financial and Entrepreneurial Seminar. It is hereby mandated that
all Filipino workers bound for deployment abroad for the first instance shall undergo free
financial and entrepreneurial seminar. Towards this end, a certification that a Filipino worker
has undergone financial and entrepreneurial seminar shall be made a requirement in addition
to those required for deployment

Sec. 4, Implementing Agencies. The Department of Labor and Employment through the
Philippine Overseas Employment Agency, Department of Social Welfare and Development
and Department of Finance, in cooperation with each other, shall ensure the implementation
and enforcement of this Act

Sec 5. Implementing Rules and Regulations. The Department of Labor and Employment shall
have the power to promulgate the implementing rules and regulations as may be necessary to
fully implement the objectives and purposes of this Act within one (1) year from the approval
hereof,

Sec. 6. Separability Clause. If any part or provision of this Act shall be held unconstitutional

or invalid, other provisions which are not affected thereby shall continue to be in full force
and effect


Sec. 7. Appropriation. To carry out the purposes of this Act, there shall be appropriated an
initial amount of Five Million Pesos (Php5,000,000.00) to be sourced from the General
‘Appropriations Act of this year.

Sec. 8. Repealing Clause. All laws, issuances or parts thereof inconsistent with this Act are
hereby repealed or modified accordingly.

Sec. 9. Effectivity. This Act shall take effect fifteen (15) days after its publication in the
Official Gazette or in at least two (2) newspapers of general circulation.

Approved.