Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City, Philippines

EIGTHEENTH CONGRESS
First Regular Session

HOUSE BILL NO. ad

INTRODUCED BY REPRESENTATIVE ALFRED VARGAS

EXPLANATORY NOTE

Section 14, Article XII of the Philippine Constitution explicitly provides that
sustained development of a reservoir of Filipino entrepreneurs and managers
shall be promoted by the State

‘The Philippines is an entrepreneurial country. Slowly, entrepreneurship is
becoming the backbone of the country's economy. Small and medium-sized
enterprises comprise around ninety nine (99) percent of the establishments in
the country. However, one of the problems encountered by our entrepreneurs is
the lack of adequate knowledge on business techniques and financial
management at the onset.

‘The institutionalization of a weeklong celebration on entrepreneurship will
encourage the youth to be self-starters and innovators. The celebration will
introduce them to the endless possibilities of development and progress through
entrepreneurship. Also, young entrepreneurs will now have a formal venue to
share their success stories to the students through the various activities lined up
for the entire week.

It is imperative that government paves the way towards the inculcation of
awareness on entrepreneurial concepts and practices and subsequently arming
the students with fundamental know-hows. For this reason, the early passage of
this bill is sought,

‘ALFRED VARGAS


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City, Philippines

EIGTHEENTH CONGRESS
First Regular Session

. 36
HOUSE BILL NO.

INTRODUCED BY REPRESENTATIVE ALFRED VARGAS

AN ACT DECLARING EVERY THIRD WEEK OF NOVEMBER AS "NATIONAL
ENTREPRENEURSHIP WEEK"

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

SECTION 1. Title. - This Act shall be known as "The National Entrepreneurship
Week Act of 2019"

SECTION 2. Declaration of Policy. -It Is hereby declared a policy of the State that
the sustained development of a reservoir of national talents consisting of Filipino
entrepreneurs and managers in order to maintain the global standards of high-
level technical manpower.

The State shall also develop a self-reliant and independent national economy
effectively controlled by Filipinos and ensure that all sectors of the economy and
all regions of the country shall be given optimum opportunity to develop.

The State likewise recognizes the importance of educational institutions as
catalysts of entrepreneurial development with participation of the youth,
families. educators and the private sector, thereby emphasizing personal
interaction and facilitating the exchange of ideas throughout the country,

SECTION 3. National Entrepreneurship Week. -Every third week of November of
each year is hereby declared as National Entrepreneurship Week.

SECTION 4. Implementing Agency. -The Department of Education and the
Commission on Higher Education, in coordination with the Department of Trade
and Industries, shall plan and implement activities for the observance of
“National Entrepreneurship Week", such as school trade fairs and seminar-
workshops on entrepreneurship. Other government agencies, local government
units and other instrumentalities of the government are encouraged to join the
week-long celebration by way of public exhibits, display of tarpaulins, among
others.

SECTION 5. Effectivity. - This Act shall take effect fifteen (15) days upon its
publication in two (2) newspapers of general circulation.

Approved,