'
R±puunc of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City
NINETEENTH CONGRESS
First Regrular Sessiofl
HOusE~B-[in-NO.  679 2
Introduced by How. lose Manuel F. Alba
ln  the  Plrfuppings,  natura}  calamities  happen  g`rery  year  and  often  strike  quickly  and
without warning. 1n 2022, the World RIsk hdex, a pact of the annual risk fepott which calculates
the  disaster  ri.ck  for  193  counties,  showed  that  the  Phifippines  has  the  highest  disaster risk.
Recently, the pandemic has exposed undedying vuherabditie§ and inequities across the globe and
has  led  to  catastrophic  consequerices  among  disptopoftionately  affected  populations.    The
Philippffies is also one of the most cyclone-prone countries in the world, l}ing on what js often
described  as  thL'  'typhoon  belt'.  Approrfuately  19-20  eyclones  enter  the  Philippine  Area  of
Re sponsibinty- annually.
These natural calanides happen every yen and often strike quickly and without warning.
These calaihities, whether it is ati €xtremc w€athfr cnent quwE}, earthquake,  landslide, flooding,
droucht and other dimate change related calamides negatively affect the individual or a fndy's
froancial  condition,  seriously destabflizing the  overan  economic wen-being of Filipino famifes.
Affcctcd  fandics  arc  oftentimes  unable  to  recover  immediat€Iy  from  a  calamity  due  to  the
absence of "emergeney fund" of  irmbdity to &ccess funds from financial insritndons. Some even
resort to 5-6 borfowhgs  of "utang"  to rebuld their homes, refinance  their  farm business oi.
micro enterprise. W'hi]e government financial assistance may bc available, it is a fact that tis is
not enough to rehabilitate or completely support the needs of those affected by the disaster.
Given this recurring srfuation, the need for Filipinos to become more financiall}T rcsi]jent is
not  only  flecessary  but  crucial  to  the  economic  survival  and  financial  sustainability of every
Fihpino household. To build financial resikence among Fifipinos,  it is imperative for the State to
provide persona finance education in the context of disaster prcparedncss.
Thus,  this  Bin  aims  to  integrate  financial  resihency  in  the  Philippine  Disaster  Risk
ReducrionandManngementAct,makingjtacofeobiectivcandptogramoftheNDRRMC.
Immediate passage ot- this bill is earncst]y songht.
EL
UEL F. ALBA
i§trict, Bukidnon


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Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City
NINETEEr`ITH CoNGREss
First Regular Session
HousEafifrNo.8792
Introduced by Hon. lose Manud F. A]ba
ANAerMANnATING"ENDRRMCTopmoVIDEAFININclAI.
REslllENCE PROGRAM IN THE CoNT]E:x'r oF DlsASTER
PREPAREDNESS,AlffiNDINGREPUBLICACTNO.10121,OTHERVISE
ENowNASTHEpHrLlppINEDISASTERRISKREDucTloNjEND
MANAGEMENT ACT
88itendeddyiheSeerfeedtheHoiRIeOfRapresavfotiiJesOftb8Pbitim`m8SifflCungressaslembled.
SECTION  1. £fao# r€}ha  ~ This Act shah  be known as  the "Financial Reshience
quRE) Act of 2023 .
Sec.  a.  A  new provision  under  Sccdon  6    Phfiippine  Disaster  RIsk  Reduction  and
Management Act of 2010 js hereby provided to read as i-allows:
"Seedon  6.  Powers and Functions  of the NDREMC.  - The National Council,
being    empowered    with    poifc}7~"king,    coordinedon,    integration,    supervision,
moritoringandertaluationfuiedons,shallhavethefoHowingresponsihitides:
«rm
(q)   CRFAIE   AND   cONDuer   FINANcljEL   REslLIENCE
pROGRAMs    IN    AEL    clTIEs,     MUNIclprmrms    .END
BARANGAYS,     IN     ORDER    TO     ENSURE     TEIAT     SAID
COMMUNITIES  ARE  ECONOMICAELY  AND  FINENCIALIJY
cAPAclTATED    FOR   REcoveRy,    IN   A   pOsT-DlsASTER
ENVIRONMENT;
xxx"
Sec. 3. Implementing Rules and Regulations. - The Secretary of the Department
of National Defense @ND) with the Secretary of the Department of the Interior and
I,ocal  Government  (DILG)  shall  promulgate  tile  necessary  imp]emening  rdcs  and
regulatirms within thirty (30) days from chc effcctivity of this Act.
Set.  4.  R£P#flJ3.#g  Cfa#fg.  ~  Ail  laws,  presidendal  decrees  or  issuances,.  executive
orders, letters of instruction, administrative orders, rules or regulation inconsistent with
the provisions of his Act arc hereby repealed or modified accordingly.
Sec. 5. £Penfldr.r£.giv Chime - Should any part of this Act be dedared unconstitulonaL
the vatidity of remairfug pffovision hereof shall remain jn fun and effect.


Sec.  6.  ELor#rfu.t.fty7  Cfaarm   ~  This  Act  shall  take  effect  fifteen  (15)  days  from  its
publication in a newspaper of general circulation.
-ftyprotl8d