1 
Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. __ 
Introduced by Representative Jose Manuel F. Alba 
AN ACT 
INTEGRATING A GRASS ROOTS FINANCIAL AND ECONOMIC LITERACY 
PROGRAM AS AN ADDITIONAL CRITERIA IN THE DETERMINATION OF 
GRANTING A SEAL OF GOOD LOCAL GOVERNANCE, AMENDING FOR 
THE PURPOSE REPUBLIC ACT 11292 OR THE SEAL OF GOOD LOCAL 
GOVERNANCE ACT OF 2019 
EXPLANATORY NOTE 
Poverty remains a pressing issue that hampers the socio-economic 
development of our nation, particularly in local communities where access 
to resources and opportunities may be limited. Pursuant to SDG Goal of 
ending poverty in all of its forms and recognizing the crucial role of local 
governance in addressing poverty and promoting inclusive growth, this 
proposed bill seeks to amend Section 7 of Republic Act No. 11292, otherwise 
known as the “Seal of Good Local Governance Act” by introducing a new 
criterion mandating the implementation of a Grass Roots Financial and 
Economic Literacy Program by local government units (LGU). 
The Grassroots Financial and Economic Literacy Program envisioned 
under this bill is an urgent initiative aimed at enhancing the financial 
knowledge and capabilities of individuals and households within LGU 
jurisdictions.  
July 31, 2025
5:08 pm
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By educating its constituents on topics such as understanding 
consumer behavior, saving, investment planning, credit management, 
retirement planning, and entrepreneurship, LGUs can play a pivotal role in 
lifting individuals and communities of poverty. 
Incorporating a Grassroots Financial and Economic Literacy Program 
as a criterion for granting the Seal of Good Local Governance underscores 
the commitment of LGUs to proactive poverty reduction strategies.  
By 
mandating 
the 
implementation 
of 
such 
programs, 
LGUs 
demonstrate their necessary involvement in promoting inclusive growth, 
fostering economic empowerment, and building resilient communities. This 
bill seeks to harness the potential of grassroots financial education as a 
catalyst for positive change and sustainable development at the local level. 
For the foregoing reasons, the immediate consideration and approval 
of this bill is earnestly sought. 
JOSE MANUEL F. ALBA 
Representative, 1st District, Bukidnon 


1 
Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. __ 
Introduced by Representative Jose Manuel F. Alba 
AN ACT 
INTEGRATING A GRASS ROOTS FINANCIAL AND ECONOMIC LITERACY 
PROGRAM AS AN ADDITIONAL CRITERIA IN THE DETERMINATION OF 
GRANTING A SEAL OF GOOD LOCAL GOVERNANCE, AMENDING FOR 
THE PURPOSE REPUBLIC ACT 11292 OR THE SEAL OF GOOD LOCAL 
GOVERNANCE ACT OF 2019 
Be it enacted by the Senate and House of Representatives of the Philippines 
in Congress assembled: 
SECTION 1. Sec. 7 of the same act is hereby amended to read as 
follows:  
“Sec. 7. Criteria. – For the purpose of this Act, the areas in the criteria 
shall be understood and interpreted as follows: 
xxx 
(k)
Grass Roots Financial Literacy and Economic
Program – The LGU, in Coordination with the Bangko
Sentral 
ng 
Pilipinas 
(BSP), 
implements 
a
comprehensive 
financial 
and 
economic 
literacy
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program aimed at educating its constituents on 
topics such as saving and investment planning, 
understanding financial consumer behavior, debt 
management, retirement planning, and other relevant 
personal finance programs. This program shall be 
designed to enhance the financial knowledge and 
capabilities of individuals and households, thereby 
promoting economic empowerment and resilience.” 
 
SECTION 2. Separability Clause. – If any provision of this Act is 
declared invalid or unconstitutional, the other provisions not affected 
thereby shall remain in full force and effect. 
 
Section 18. Repealing clause. All orders, issuances, rules and 
regulations or parts thereof that are contrary to, or inconsistent with, the 
provisions of this Act are hereby repealed, modified or amended accordingly. 
This Act is consistent with and shall not supplant the other streamlining 
initiatives of the government covered by previously issued executive orders. 
 
Section 19. Effectivity. This Act shall take effect fifteen (15) days after 
publication in the Official Gazette or in a newspaper of general circulation. 
 
Approved,