NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES
First Regular Session
SENATE 
S. B. NO. 1041
THE p
if> TSME:
BILLS &HnDEX
Introduced by SENATOR JOEL VILLANUEVA
AN ACT
INSTITUTIONALIZING THE POVERTY REDUCTION THROUGH 
SOCIAL ENTREPRENEURSHIP (PRESENT) PROGRAM AND 
PROMOTING SOCIAL ENTERPRISES, PROVIDING FUNDS 
THEREFOR AND FOR OTHER PURPOSES
EXPLANATORY NOTE
In 2015, it was estimated that there were about 164,473 social 
enterprises in the Philippines, which constitutes 17% of the then 987,974 
registered companies in the country.1 Meanwhile, in a survey of 206 verified 
social enterprises in a study published by the British Council, together with the 
European Union, the United Nations Economic and Social Commission in 
Asia and the Pacific (UN ESCAP), and the Philippine Social Enterprise 
Network (PhilSEN), it was found that:2
a) 
Social enterprises are led by young social entrepreneurs, with 28% of 
the start-ups headed by persons aged 35-44, 23% are led by persons 
aged 45-54, and 21 % are led by 25-34 years old;
b) 
More than half of the jobs created were for women, with 56% of females 
employed, showing that social enterprises are empowering women;
c) 
17,434 full-time staff were hired by the enterprises surveyed;
1 ADB Briefe, Road Map for Strengthening Social Entrepreneurship in the Philippines, accessible 
at
https://www.adb.orq/sites/default/files/publication/514471/adb-briekl12-social-entrepreneurship-road-map-
philippines.pdf {last accessed August 3 2022).
2 Reaching the Farthest First: The State of Social Enterprise in the Philippines, 
accessible 
at
https://www.britishcouncil.ph/sites/default/files/social report be fa 102517 web-compressed.pdf {last accessed 
August 3, 2022).


d) 
More than 60% of respondents have growth plans, including attracting 
new customers, developing new products or services, expanding into 
geographic areas, and increasing sales with existing customs; and
e) 
19% of social entrepreneurs surveyed are focused on agriculture, 9% in 
education, 9% in business development, 8% in financial services, and 
8% are engaged in employment creation.
The same report showed that social entrepreneurs usually face barriers 
and constraints, including capital, obtaining grants, and concerns with cash 
flow, among others.
At present, there are no direct policies for social enterprises in the 
Philippines. They indirectly benefit from laws applicable to MSMEs in general. 
But in view of the unique characteristic of social enterprises, generally 
“producer-based organizations whose efforts went primarily into the 
integration of their goods/services into the broader value chain and the 
distribution of the profits obtained from such to their low-income 
stakeholders,”3 there is a need to recognize and offer niche support 
mechanisms for their continued growth and expansion in Philippine and global 
markets.
Thus, the immediate passage of this bill is earnestly sought.
SENATOR JOEL VILLANUEVAr
Id.


NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES
First Regular Session
SENATE 
s. B. no1041
S oate:
if) TIME:
Introduced by SENATOR JOEL VILLANUEVA
AN ACT
INSTITUTIONALIZING THE POVERTY REDUCTION THROUGH 
SOCIAL ENTREPRENEURSHIP (PRESENT) PROGRAM AND 
PROMOTING SOCIAL ENTERPRISES, PROVIDING FUNDS 
THEREFOR AND FOR OTHER PURPOSES
Be it enacted by the Senate and House of Representatives of the Philippines in 
Congress assembled:
1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
CHAPTER I
GENERAL PROVISIONS
SECTION. 1. Short Title. - This Act shall be known as the “Poverty 
Reduction Through Social Entrepreneurship (PRESENT) Act."
SEC. 2. Declaration of Policy. - The State shall promote a just and dynamic 
social order that will ensure the prosperity and independence of the nation and free 
the people from poverty through policies that provide adequate social services, 
promote full employment, a rising standard of living, and an improved quality of life 
for all. The State shall provide social justice in all phases of national development 
and shall guarantee, at all times, the dignity of every human person and full respect 
for human rights. The State recognizes the important role of enterprises in the 
economy as the major agent of development, creating off-farm employment 
opportunities and providing transitional means for improving the livelihood of the 
people.
Towards this end, the State shall pursue an inclusive growth strategy that 
promotes an environment conducive to the development and growth of a vibrant 
social enterprise sector engaged in poverty reduction, and economic and social 
development. It shall empower the poor as primary stakeholders in social 
enterprises, establish mechanism essential to realizing their potential and achieving 
their full growth, and extend the assistance necessary for their advancement. The 
State shall likewise provide technical and financial assistance, incentives and other


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
services to enable social enterprises to develop into viable and vital anti-poverty 
agents, and a strong social entrepreneurship movement that will be instrumental in 
reducing poverty in the country.
SEC. 3. Definition of Terms. - The following terms when used in this Act 
shall mean:
a) 
Basic Sectors refer to the disadvantaged sectors of Philippine society, 
namely: farmer-peasant, artisanal fisherfolk, workers in the formal sector 
and migrant workers, workers in the informal sector, indigenous peoples 
and cultural communities, women, persons with disabilities, senior 
citizens, victims of calamities and disasters, youth and students, children 
and urban poor;
b) 
Economic Subsectors refer to networks of related actors, and 
enterprises performing various functions to value chains that transform 
raw materials into finished products, or develop services, and distribute 
or provide them through market channels to final consumers. These 
subsectors may be identified by key raw material source, by finished 
product or final service provided. An economic subsector may be 
comprised of several competing value chains;
c) 
Marginalized Sectors refer to groups of people who are stigmatized or 
excluded by virtue of their physical, psychological, economic, social or 
cultural circumstance;
d) 
Poor refers to individuals and families whose income fall below the 
poverty threshold as defined by the National Economic and Development 
Authority (NEDA) and/or cannot afford in a sustained manner to provide 
their minimum basic needs of food, health, education and housing and 
other essential amenities of life;
e) 
Poverty Reduction refers to overcoming the income, resource and 
capability deprivation among the poor, basic and marginalized sectors;
f) 
Social Enterprise or SE refers to a social mission-driven organization in 
the form of an association, single proprietorship, partnership, 
corporation, cooperative, people’s organization, non-stock non-profit and 
people’s organizations or any other legal entity that conducts economic 
activities providing goods and/or services directly related to their primary 
mission of poveny reduction and improving the well-being of the poor, 
basic and marginalized sectors and their living environment, in pursuit of 
this primary mission, a SE:
1) 
Engages and invests in the poor to become effective workers, 
suppliers, clients and/or owners;
2) 
Ensures that a substantive part of the wealth created by the 
enterprise is distributed to or benefits these sectors;


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
3) 
Reinvests its surplus or profits back to the enterprise to sustain the 
fulfillment of its social mission; and
4) 
Utilizes its surplus or profits and mobilizes other resources to assist 
the poor to become partners in SE or value chain management and 
governance and to become partners in community, sectoral and 
societal transformation;
g) 
Social Enterprise Service Institution refers to an organization that 
provides assistance, including trainings, education and other capacity­
building measures, research and development, and other activities, to 
SEs for them to become viable and sustainable;
h) 
Transactional Services refer to enterprise or market-driven activities, 
such as providing loans, demonstrating new technologies or conducting 
trainings that are necessary for the poor in the SE system to effectively 
and efficiently perform their roles as workers, suppliers, clients and 
owners. Transactional services may be fee-based, such as the granting 
of loans, or non-fee based, such as the extension of production-related 
trainings;
i) 
Transformative Services refer to activities that empower the poor, such 
as leadership formation, organizational development, financial and legal 
literacy, asset build-up and providing education and experiential learning 
opportunities, to become conscious change agents for themselves, for 
their communities, sectors and society as a whole;
j) 
Value Chains refer to value-adding economic activities that firms and 
workers do to bring product from its conception to its end use. A value 
chain typically consists of: (1) raw materials processing: (2) inbound 
distribution or logistics; (3) manufacturing operations; (4) outbound 
distribution or logistics; (5) marketing and selling: and (6) after-sales 
service. These activities are supported by (1) purchasing or 
procurement; (2) research and development; (3) human resource 
development; and (4) organizational development; and
k) 
Living Wage refers to the amount of family income needed to provide for 
the family’s food and non-food expenditures with sufficient allowance for 
savings/investments for social security so as to enable the family to live 
and maintain a decent standard of human existence beyond mere 
subsistence level, taking into account all of the family’s physiological, 
social and other needs.
CHAFER II
POVERTY REDUCTION THROUGH SOCIAL ENTERPRISES
SEC. 4. Formulation of a Poverty Reduction Through Social 
Entrepreneurship (PRESENT) Program. - There is hereby established a Poverty 
Reduction Through Social Entrepreneurship (PRESENT) Program to progressively 
improve the position and benefits received by the poor, marginalized and basic


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
sectors of Philippine society from economic subsector development and growth. To 
do this, the PRESENT Program shall identify strategic economic subsectors with 
potential for growth, the geographic concentration of the basic, marginalized and 
poor sectors, and how these sectors can be tapped to spur the growth and 
development of a specific subsector. The PRESENT Program shall involve 
identifying and developing key SEs and resource institutions as partners in providing 
transactional and transformational services towards poverty reduction.
The formulation of the PRESENT Program shall be guided by the following:
a) 
Promoting sustainable programs that support the development of 
inclusive value chains in key economic subsectors, with a view to 
reducing inequality in incomes and increasing self-reliance among the 
poor;
b) 
Enabling SEs to overcome constraints and to take advantage of 
opportunities for enhancing the position and benefits of the poor and 
their living environments, including those that harness innovative 
approaches in addressing social problems;
c) 
Developing sustainable mechanisms for the provision of quality and 
accessible social services to the poor;
d) 
Empowering people by ensuring the participation of the basic, poor and 
marginalized sectors;
e) 
Promoting gender sensitivity by ensuring women’s equal rights and 
access to resources of SEs;
f) 
Promoting ecological soundness in the pursuit of sustainable and 
equitable development;
g) 
Incorporating the PRESENT Program in the government’s poverty 
reduction drive as a major sustainable and comprehensive strategy; and
h) 
Rationalizing of poverty reduction programs by streamlining and 
coordinating the various anti-poverty programs of the government to 
reduce inefficiency and duplication to improve the effectiveness of each 
program.
The planning process and framework of the PRESENT Program shall ensure 
that the poor are engaged as primary stakeholders. It shall add value and 
complement ecosystem-based, area-based, community-based and other tools and 
processes in local economic development by promoting and utilizing the economic 
subsector as a strategic unit of analysis and planning for the development of 
interventions spearheaded by SEs.
The medium-term and annual development plans of the PRESENT Program 
shall be aligned with the medium-term development plan of the national government.


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
SEC. 5. National Enterprise Development Council. - The existing Micro, 
Small and Medium Enterprise Development (MSMED) Council, which is an attached 
agency of the Department of Trade and Industry (DTI), shall be strengthened and 
expanded to effectively spur the growth and development of MSMEs and SEs 
throughout the country, and to carry out the policy declared under this Act. It shall 
hereafter be known as the National Enterprise Development Council (the “Council”).
In addition to the existing functions of the Council as provided under Republic 
Act No. 9501, otherwise known as the Magna Carta for Micro, Small and Medium 
Enterprises, the Council shall serve as the primary agency tasked to carry out the 
promotion, growth and development of SEs in the country. It shall also approve the 
SE development plans as formulated and recommended by the Center for Social 
Enterprise Development (CSED) created under Section 6 of this Act.
To ensure that the Council is able to fulfill its additional mandate as provided 
under this Act, there shall be created an SE Committee under the Council that shall 
perform the following functions;
a) 
Promote social enterprise as a key strategy for reducing poverty and 
enabling inclusive growth;
b) 
Provide oversight for the implementation of the PRESENT Program and 
activities of the CSED;
c) 
Establish policies, plans, programs and projects to develop and promote 
SEs as a tool for poverty reduction in accordance with a comprehensive 
social enterprise development plan that is fully integrated and consistent 
with national development objectives and plans;
d) 
Monitor and evaluate the performance of programs and projects of 
CSED for appropriate incentives;
e) 
Submit annual and other periodic reports to the President and the 
Congress of the Philippines not later than April 30 of each year; and
f) 
Promulgate such rules and regulations and exercise such other powers 
and functions as may be necessary to carry out the purposes of this Act 
and for the continued enhancement, growth and development of the SE 
sector.
The SE Committee shall be composed of the Secretary of DTI, Secretary of 
Agriculture, Secretary of Interior and Local Government, the Chairman of the Small 
Business Corporation, and three (3) representatives each from the SEs, SE service 
institutions and SE advocacy groups: Provided, That such representatives shall each 
come from the main island groupings of Luzon, Visayas, and Mindanao.
SEC. 6. Center for Social Enterprise Development. - There shall be 
established a Center for Social Enterprise Development (CSED) under the 
supervision of the Council to be headed by an Executive Director. The Executive


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
Director shall have the primary responsibility of implementing the comprehensive 
policies for social enterprise development.
Specifically, the CSED shall be responsible for the following:
a) The development and implementation of the PRESENT Program as
approved by the Council, with the following components:
1) 
Formation and Implementation of Plans: The CSED shall formulate 
and implement social entrepreneurship-oriented strategic and 
economic sub-sector development plans that shall serve as the 
basis for major policies, projects and activities;
2) 
Capacity Building and Sustainability: CSED shall work with 
qualified SE service institutions and other intermediaries to design 
and deliver training and education in social entrepreneurship 
development, institutional start-up or strengthening, human 
resource competency and skills training, business planning and 
advisory services, upgrading of accounting and auditing systems, 
technical assistance for the installation or improvement of 
management information systems, technology intervention, 
technology incubation/commercialization, market studies, and 
product development competitiveness, business matching activities, 
trade fairs and missions, policy advocacy, disaster resiliency and 
other related activities.
3) 
Research and Development: The CSED, in coordination with 
NEDA, Department of Science and Technology (DOST), DTI, and 
other appropriate agencies, research institutions, academe, and 
intermediaries, shall develop and enhance a research and 
development system that:
(i) 
Provides recommendations and robust discussions and 
engagements on poverty reduction vis-a-vis SE development 
in key economic subsectors and other inputs for the Council to 
undertake strategic planning for programs and projects;
(ii) 
Equips SEs and supports institutions with services and 
technologies that are appropriate for enhancing the 
participation and benefits of the poor in various economic 
subsectors, and innovative and sustainable approaches to 
improve access of the poor to quality basic social services;
4) 
Information and Marketing Assistance: The CSED shall promote the 
development and expansion of local and foreign markets for the 
products and services of SEs. Towards this end, the CSED shall:
(i) Establish a marketing assistance program that will assist SEs 
match supply with demand in both domestic and foreign


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
markets, as well as promote SE products and services through 
tri-media marketing, trade fairs and trade missions; and
(ii) Develop, install and sustain market information system for SEs 
with the assistance of the DTI and the Department of Tourism 
(DOT). All government departments, agencies, bureaus, 
research institutions, and local government units (LGUs) shall 
consolidate and continuously update on a regular basis and 
make accessible all relevant information and data that would 
be useful to SEs;
b) 
Establishment and implementation of criteria and process for the 
qualification of SEs to be eligible for the support and other incentives 
provided under this Act and as approved by the Council;
c) 
Identification of sources of financing for the SE sector, which shall not be 
limited to grants, loans and equity financing for enterprise incubation, 
start-up and expansion;
d) 
Management of multi-stakeholder convergence programs and activities 
among government agencies and private organizations in support of the 
PRESENT Program;
e) 
Coordination with the concerned government agencies and LGUs in the 
development and implementation of the PRESENT Program and 
projects:
f) 
Coordination with social enterprise stakeholders, including people’s 
organizations, non-government organizations, and multi-sectoral and 
multi-disciplinary pool of experts from the academe, practicing 
professionals, business, industry, youth, women, and other concerned 
sectors to provide advice and technical assistance on matters pertaining 
to SEs.
SEC. 7. Role of LGUs in SE Development. - LGUs shall be encouraged to 
incorporate viable SE development plans in their local development plans, and, as 
far as practicable, collaborate with SEs with regard the implementation thereof.
SEC. 8. Social Enterprise Development Fund. - There is hereby 
appropriated an amount of [>line Hundred Million Pesos (P900,000,000.00) for the 
establishment of a Social Enterprise Development Fund (SEDF), which shall be used 
to fund grants to SEs for the implementation of the PRESENT Program.
The SEDF shall be allocated as follows:
a)
b)
Six Hundred Million Pesos (P600,000,000.00) for value-chain financing; 
and
Three Hundred Million 
development services.
Pesos (P300,000,000.00) for enterprise


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
After the first year of its implementation, such sums as may be necessary to 
fund the SEDF shall be included in the budget of the DTI under the annual General 
Appropriations Act.
The CSED shall develop the roadmap for the utilization of the Fund, which 
shall be approved by the Council.
CHAPTER III
INCENTIVES AND BENEFITS FOR SOCIAL ENTERPRISES
SEC. 9. Special Credit Windows. - The Land Bank of the Philippines (LBP), 
Development Bank of the Philippines (DBP) and other government financial 
institutions shall establish special credit windows for the following purposes:
a) 
Credit line for business development loan or working capital loan to 
cover the operational and management expenses of an existing business 
or income generating project, including receivable financing or purchase 
of additional inventory, soft or intangible investments, such as trade fair 
participation or acquisition of software or franchise development 
packages:
b) 
Fixed assets financing to cover the acquisition of fixed assets like 
machineries and equipment, motor vehicle, or acquisition of lot for 
project site or construction of a plant and building and the improvement 
thereof;
c) 
Value chain financing to cover any of the value chain activities such as 
production, processing and marketing:
d) 
Domestic letter of credit or trust receipt to provide a stand-by credit 
facility for the SE borrower for the purchase of product inputs, 
equipment, machinery, implements, and spare parts; and
e) 
Revolving credit line for re-lending to finance the livelihood project 
requirements of the beneficiaries/clients of SEs.
SEC. 10. Compliance with Mandatory Allocation of Credit Resources. -
Loans granted by financial institutions to SEs shall be computed by the Bangko 
Sentral ng Pilipinas (BSP) as equivalent to two times the amount of the loan for 
purposes of determining the financial institution’s compliance to the mandatory 
allocation of credit resources to micro, small and medium enterprises as provided 
under Republic Act No. 9501, otherwise known as the Magna Carta for Micro, Small 
and Medium Enterprises.
SEC. 11. Government Procurement. - Eligible SEs shall be entitled to a 
share of at least ten percent (10%) of total procurement value of goods and services 
supplied to the Government, its bureaus, offices and agencies annually. The 
Department of Budget and Management (DBM) shall monitor the compliance of 
government agencies on the required procurement for SEs and submit its report to 
the Council and the Congress of the Philippines not later than April 30 of each year.


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
SEC. 12. Insurance for Social Enterprises. - The Insurance Commission 
shall issue the necessary rules and regulations to implement measures to ensure 
that the insurance industry shall provide insurance products, both life and non-life, 
for social enterprises and their stakeholders.
SEC. 13. Exemption from the Coverage of the Minimum Wage Law. - SEs
with a Within three (3) years from its organization, SEs that have total assets, 
inclusive of those arising from loans but exclusive of the land on which the SE’s 
office, plant and equipment are situated, is not more than Three Million Pesos 
(P3,000,000.00) shall be exempt from the coverage of the Minimum Wage Law; 
Provided, That all employees covered under this Act shall be entitled to the same 
benefits given to any regular employee such as social security and healthcare 
benefits.
SEC. 14. Eligibiiity for Benefits and incentives. - In the case of social 
enterprises organized as stock corporations, partnerships or sole proprietorships, the 
following requirements shall apply to become eligible for benefits and incentives 
provided under this Act:
a) 
An SE must not be organized as a branch, subsidiary or division of a 
private business enterprise, regardless of the size of such private 
enterprise, nor may its policies be determined by a private business 
enterprise: Provided, That this shall not preclude an SE from accepting 
subcontracts from large private business enterprises or firms or from 
joining in cooperative or joint venture activities with other SEs or 
foundations practicing corporate social responsibility:
b) 
At least sixty percent (60%) of an SE’s total expenditures and profits are 
plowed back to the enterprise for the benefit of the poor, and such SE 
engages in practices that optimize the benefits for the poor through the 
provision of living wages, above-market pricing for economically 
disadvantaged producers and suppliers, and other best practices that 
distribute the profit generated by the enterprise.
CHAPTER IV
APPROPRIATION AND OTHER PROVISIONS
SEC. 15. Soda! Entrepreneurship Education in Schoois. - The Council, in 
addition to its mandate to promote entrepreneurship and coordinate with education 
agencies for this purpose, shall coordinate with, and develop in conjunction with the 
Department of Education (DepEd), Technical Education and Skills Development 
Authority (TESDA) and the Commission on Higher Education (CHED), a curriculum 
or module that on SEs, and its inclusion in the curricula at all levels, especially in the 
secondary and tertiaty levels. A continuing social entrepreneurship education 
program for out-of-school youth and adults shall likewise be developed and 
undertaken.
SEC. 16. Social Enterprise Week. - In order to institute continuing 
awareness on the importance of SEs as a viable government strategy in pursuing


1
2
3
4
5
6
7
8 
9
10
11
12
13
14
15
16
17
18
19
20 
21 
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
poverty alleviation, the week of the month when this Act shall have been signed into 
law shall be declared as the Social Enterprise Week. The Social Enterprise Week 
shall be celebrated annually, the celebrations of which shall be spearheaded by the 
CSED.
SEC. 17. Appropriations. - The Council shall allocate the initial amount of 
Fifty Million Pesos (P50,000,000.00) from the existing MSMED Council Fund to 
support the operations and programs of the CSED. Thereafter, such sums as may 
be necessary for the continued implementation of this Act shall be included in the 
budget of the DTI under the annual General Appropriations Act.
The budgetary requirements of the cooperating agencies shall be 
incorporated in their respective budgets. The CSED may raise funds from other 
sources for specific projects as may be authorized by law.
SEC. 18. Transitory Provision. - Within a period of five (5) years, the 
Council shall facilitate the development and dissemination of tools and invest in the 
development of the capability of SEs to plan, monitor and evaluate their social and 
financial performance and outcomes. In addition, the Council shall evolve socially- 
acceptable benchmarks for evaluating the performance of SEs and incorporate such 
to more effectively develop and regulate the sector.
SEC. 19. Implementing Rules and Regulations. - Within ninety (90) days 
from the effectivity of this Act, the DTI, in consultation with the appropriate 
government agencies and other relevant stakeholders, shall formulate the rules and 
regulations to effectively implement the provisions of this Act.
SEC. 20. Separability Clause. - Any portion or provisions of this Act that 
may be declared unconstitutional or invalid shall not have the effect of nullifying other 
portions and provisions hereof as long as such remaining portions or provisions can 
still subsist and be given effect in their entirety.
SEC. 21. Repealing Clause. - All laws, decrees, executive orders, 
proclamations and administrative regulations, or any parts thereof inconsistent with 
the provisions of this Act are hereby revoked, repealed or modified accordingly.
SEC. 22. Effectivity Clause. - 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,
10