Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
House Bill No. ______ 
Introduced by Rep. MARIO VITTORIO “MARVEY” A. MARIÑO 
5th District, Batangas 
AN ACT 
INSTITUTIONALIZING THE POVERTY REDUCTION THROUGH 
SOCIAL 
ENTREPRENEURSHIP 
(PRESENT) 
PROGRAM 
AND 
PROMOTING SOCIAL ENTERPRISES WITH THE POOR AS PRIMARY 
STAKEHOLDERS 
EXPLANATORY NOTE 
The COVID-19 pandemic has wrought havoc and caused 
unprecedented reversals in poverty reduction efforts in the past two 
years. Latest figures from the Philippine Statistics Authority (PSA) show 
that for the first semester of 2021, 23.7% or 26.14 million Filipinos and 
18% or 4.74 million families are living below the poverty threshold.1 
In order to address the rising poverty incidence, this bill aims to 
involve various sectors of the society in the fight against poverty, and 
recognizes social enterprises as key players in poverty reduction. A 
Social Enterprise, as defined in the measure, refers to a social mission-
driven organization that conducts economic activities directly related to 
improving the well-being of the poor and marginalized sectors with 
poverty reduction as its principal objective.  
Tapping social enterprises to aid in poverty reduction is not a 
novel pursuit as the United Nations Development Programme (UNDP) 
has identified them as “innovative and effective poverty reduction 
agents that can contribute to the promotion of cohesive communities”, 
1 https://psa.gov.ph/content/proportion-poor-filipinos-registered-237-percent-first-semester-2021 
May 18, 2023
3:44 pm
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as early as 2015.2 In the Philippines, a study3 conducted by the UN 
Economic and Social Commission for Asia and the Pacific (ESCAP), the 
British Council and the Philippine Social Enterprise Network, found 
that there are about 164,473 social enterprises operating with 
agriculture as the most common4 sector of operation, with the sector 
creating more than 17,000 jobs and generating approximately US$21 
million in value in 2016. It was also noted that although most social 
enterprises have their headquarters in the national capital, their reach 
often extends to the rural countryside.5 
To build on the accomplishment of the existing social enterprises 
and to be their effective partners for change, the proposed measure 
aims to institutionalize a framework for government which shall, among 
others, identify strategic economic subsectors with potential for growth 
and where the poor are concentrated or could be major players. The 
government shall likewise formulate medium-term and annual 
development plans in synchrony with the country’s medium-term 
development plan. 
Finally, the bill also aims to promote people's participation and 
empowerment; establish sustainable programs that reduce inequality 
in incomes and increase self-reliance among the poor; and, develop 
effective mechanisms for the provision of quality and accessible social 
services to the poor, among others. 
This measure serves as a counterpart measure to the bill filed by 
Senator Sonny Angara currently deliberated upon by the Senate. 
   In view of the foregoing, the early passage of this bill is earnestly 
requested. 
MARIO VITTORIO “MARVEY” A. MARIÑO 
2
https://www.undp.org/sites/g/files/zskgke326/files/publications/Social%20Enterprise-%20A%20New%20Model
%20for%20Poverty%20Reduction%20and%20Employment%20Generation.pdf 
3 Reaching the Farthest First: The State of Social Enterprise in the Philippines 
4 Other predominant sectors where social enterprises are engaged in are education, business development, 
financial services and employment creation. 
5 https://www.britishcouncil.ph/sites/default/files/social_report_bc_fa_102517_web-compressed.pdf 


Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
House Bill No. ______ 
Introduced by Rep. MARIO VITTORIO “MARVEY” A. MARIÑO 
5th District, Batangas 
AN ACT 
INSTITUTIONALIZING THE POVERTY REDUCTION THROUGH 
SOCIAL 
ENTREPRENEURSHIP 
(PRESENT) 
PROGRAM 
AND 
PROMOTING SOCIAL ENTERPRISES WITH THE POOR AS PRIMARY 
STAKEHOLDERS 
Be it enacted by the Senate and House of Representatives of the 
Philippines in Congress assembled: 
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 that the 
State values the dignity of every human person and guarantees full 
respect for human rights. 
The goals of the national economy are a more equitable 
distribution of opportunities, income, and wealth; a sustained increase 
in the amount of goods and services produced by the nation for the 
benefit of the people; and an expanding productivity as the key to 
raising the quality of life for all, especially the underprivileged. The State 
8192


shall promote industrialization and full employment based on sound 
agricultural development and agrarian reform, through industries that 
make full and efficient use of human and natural resources, and which 
are competitive in both domestic and foreign markets. 
The State also 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, economic and social development. It shall empower the poor 
as primary stakeholders in social enterprises, establish mechanisms 
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 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) 
Social Enterprise or SE refers to a social mission-driven 
organization in the form of an association, single proprietorship, 
partnership, corporation, cooperative, peoples organization, non-
stock non-profit and peoples organizations or any other legal form 
that conducts economic activities providing goods and/or 
services directly related to their primary mission of improving the 
well-being of the poor, basic and marginalized sectors and their 
living environment. A social enterprise explicitly declares and 
pursues poverty reduction as its principal objective by 
purposefully rendering both transactional and transformational 
services. An SE engages and invests in the poor to become 
effective workers, suppliers, clients and/or owners and ensures 


that a substantive part of the wealth created by the enterprise is 
distributed to or benefits them. In addition to reinvesting its 
surplus or profits back to the enterprise to sustain the fulfillment 
of its social mission, a SE also uses it 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. 
A single proprietorship, partnership or corporation must 
fulfill the eligibilities set forth in Section 14 to avail of the benefits 
and incentives under this Act. 
b) 
Government-Procuring Entity refers to any branch, department, 
office, agency, or instrumentality of the government, including 
state universities and colleges, government-owned and/or -
controlled corporations, government financial institutions, and 
local government units procuring Goods, Consulting Services and 
Infrastructure Projects; 
c) 
Basic Sectors, as defined by Republic Act 8425 or the "Social 
Reform and Poverty Alleviation Act", 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; 
d) 
Economic Subsectors refer to networks of related actors, and 
enterprises performing various functions in value chains. These 
actors and enterprises transform raw materials into finished 
products, or develop services, and distribute or provide them 
through market channels to final consumers; they 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. By understanding the dynamics 
of economic subsectors and using them as units of planning 


social entrepreneurship interventions, government agencies, 
support institutions and SEs shall more effectively reach and 
benefit a greater number of poor in poverty reduction programs; 
e) 
Marginalized Sectors refer to groups of people who are stigmatized 
or excluded by virtue of their physical, psychological, economic, 
social or cultural circumstance; 
f) 
Poor, as defined by Republic Act 8425, refers to individuals and 
families whose income fall below the poverty threshold as defined 
by the National Economic and Development Authority and/or 
cannot afford in a sustained manner to provide their minimum 
basic needs of food, health, education, housing and other 
essential amenities of life; 
g) 
Poverty Reduction refers to overcoming the income, resource and 
capability deprivation among the poor, basic and marginalized 
sectors; 
h) 
Social Enterprise Service Institution refers to an organization that 
provides assistance to SEs for them to become viable and 
sustainable and which assistance pertains to supplying needs 
such as trainings, education and other capacity-building 
measures, research and development, and other similar 
activities; 
i) 
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; 
j) 
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; 


k) 
Value Chains refer to value-adding economic activities that an 
enterprise is interlinked with in the process of producing goods 
and/or services to serve its chosen market. 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 6) 
purchasing or procurement, 7) research and development, 8) 
human 
resource 
development, 
and 
9) 
organizational 
development. A SE that understands and manages its value 
chain improves its capability to create economic, environmental 
and social values towards improving the position and benefits of 
the poor in the value chain and towards ensuring the viability 
and sustainability of the enterprise; and 
l) 
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. 
CHAPTER II 
POVERTY REDUCTION THROUGH SOCIAL ENTERPRISES 
Sec. 4. Formulation of a Poverty Reduction Through Social 
Entrepreneurship (PRESENT) Program. – The PRESENT Program shall be 
established as a flagship program of government. The objective of the 
PRESENT Program is to progressively improve the position and benefits 
derived by a big number of the poor, marginalized and basic sectors 
derived from economic subsector development and growth. It shall do 
this by identifying strategic economic subsectors with the potentials for 
growth and where the poor are concentrated or could be major players. 
In the process, it shall identify and develop key SEs and resource 
institutions 
as 
partners 
in 
providing 
transactional 
and 
transformational services towards poverty reduction. SEs shall be 


developed as vehicles to ensure that the poor benefit the most from 
sustainable subsector development. 
The formulation of the PRESENT program shall be guided by the 
following principles: 
a) 
Promoting sustainable programs that support the development of 
inclusive value chains in key economic subsectors, towards 
reducing inequality in incomes and increase 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) 
Development of sustainable mechanisms for the provision of 
quality and accessible social services to the poor; 
d) 
People's empowerment by ensuring the participation of the poor, 
basic and marginalized sectors; 
e) 
Gender-sensitivity by ensuring women's equal rights and access 
to SE's resources; 
f) 
Ecological soundness in the pursuit of sustainable and equitable 
development; 
g) 
Incorporation of the PRESENT Program in the government's 
poverty 
reduction 
drive 
as 
a 
major 
sustainable 
and 
comprehensive strategy; and 
h) 
Rationalization of poverty reduction programs by streamlining 
and coordinating the various anti-poverty programs of the 
government to reduce inefficiency and duplication and to improve 
the effectiveness of each program. 
The planning framework of the PRESENT Program and its 
planning process 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 SE development 
interventions. 
PRESENT medium-term and annual development plans shall be 
formulated in synchrony with the medium-term development plan of 
the national government. 
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, 
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 now be known as the 
National Enterprise Development Council, herein referred to as the 
Council. 
In addition to the existing functions of the Council as provided 
under Republic Act 9501 or 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 social 
enterprises in the country. To ensure that the Council is able to fulfill 
its additional mandate, there shall be an SE Committee under the 
Council that shall perform the following specific duties: 
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 Center for Social Enterprise 
Development (CSED): 
c) 
Establish policies, plans, programs and projects to develop and 
promote SE as a tool for poverty reduction as part of a 
comprehensive 
Social 
Enterprise 
Development 
Plan 
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; 
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 
g) 
Perform such other functions as may be necessary for its effective 
operations and the continued enhancement, growth and 
development of the SE sector. 
The SE Committee shall be composed of the DTI, relevant council 
members and the following representatives from the SE Sector and SE 
Service Institutions to realize these powers and functions: 
a) 
Nine (9) representatives from SEs, three (3) representatives each 
from the main island groupings of Luzon, Visayas, and Mindanao; 
b) 
Three (3) representatives from SE service institutions; and 
c) 
Three (3) representatives from SE advocacy groups. 
Sec. 6. Center for Social Enterprise Development. – There shall be 
established a Center for Social Enterprise Development (CSED) under 
the supervision of the Council and to be headed by an Executive 
Director, which shall have the primary responsibility of implementing 
comprehensive policies for Social Enterprise Development. Specifically, 
the CSED shall be responsible for: 
a) 
The development and implementation of the PRESENT Program 
as approved by the Council, with the following components: 
1. Formulation and implementation of social entrepreneurship-
oriented strategic economic sub-sector development plans that 
shall serve as the basis for major policies, projects and activities; 
2. Capacity Building and Sustainability - The CSED· will work with 
qualified Social Enterprise 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 the 
NEDA, DOST, DTI, National Anti-Poverty Commission and other 
appropriate agencies, research institutions, and intermediaries, 
shall develop and enhance a research and development system 
that: 
i. provides studies on opportunities for poverty reduction 
and SE development in key economic subsectors and 
other inputs for the Council to undertake strategic 
planning for programs and projects; 
ii. equip SEs and support institutions with services and 
technologies that are appropriate for enhancing the 
participation and benefits of the poor in various 
economic subsectors; and 
iii. equip SEs and support institutions with 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, the CSED shall: 
i. establish a marketing assistance program that will 
assist SEs match supply with demand in both domestic 
and foreign markets, as well as promote SE products 
and services through tri-media, trade fairs and trade 
missions; and  


ii. develop install and sustain a market information system 
for SEs with the assistance of the DTI and DOT. All 
government departments, agencies, bureaus, research 
institutions, as well as the Local Government Units 
(LGUs) shall consolidate and continuously update all 
relevant information and data that would be of use to 
SEs on a periodic basis and make such data available 
in a dedicated website on the internet. 
b) 
Establishment and implementation of criteria and process for the 
qualification of SEs that shall be eligible for support and other 
incentives as provided by this Act and as approved by the 
Council; 
c) 
Identification of sources of financing for the SE sector not 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 local 
government units 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 
plans and collaborate with SEs.   
Sec. 8. Social Enterprise Development Fund. – There shall be 
included in the budget of the DTI under the annual General 
Appropriations Act an initial amount of Nine Hundred Million Pesos 


(P900,000,000.00) for the establishment of a Social Enterprise 
Development Fund (SEDF) which shall be utilized as grants to SEs for 
the plans set forth under the PRESENT program. 
The SEDF shall be allocated for: 
a) Six Hundred Million Pesos (P600,000,000.00) for value-chain 
financing; and 
b) Three Hundred Million Pesos (P300,000,000.00) for enterprise 
development services. 
After the first year of 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. 
Plans for the utilization of the SEDF shall be developed by the 
CSED for approval by the Council. 
CHAPTER III 
INCENTIVES AND BENEFITS FOR SOCIAL ENTERPRISES 
Sec. 9. Special Credit Windows. – The Land Bank of the 
Philippines, Development Bank of the Philippines and other 
government financial institutions shall establish special credit windows 
for the unique needs of SEs that are backed by a guarantee fund, as 
provided by Section 10 of this Act, 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 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, 
whereby payment of which is guaranteed and to be made to the 
seller by the lending institution, provided all documents conform 
with the terms and conditions of the credit; and 
e) 
Revolving Credit Line for re-lending to finance the livelihood 
project requirements of end-borrowers. 
Sec. 10. Social Enterprise Guarantee and Surety Fund. – There 
shall be established a Social Enterprise Guarantee and Surety Fund 
(SEGSF) which shall be funded from equity contributions of government 
financial institutions. The SEGSF shall be administered by the Small 
Business Corporation to enable SEs to access non collateralized and 
other appropriate financing while mitigating the risks involved in SE 
sector lending, The SEGSF shall be used to provide guarantee cover to 
participating financial institutions and other parties in extending 
financing to SEs: Provided, That the fund may also be used to cover the 
performance bond of SEs for their transactions. 
Sec. 11. Compliance to Mandatory Allocation of Credit Resources. 
– Loans granted by financial institutions to Social Enterprises shall be 
computed by the Bangko Sentral ng Pilipinas as twice the loan amount 
for purposes of determining financial institutions' compliance to the 
mandatory allocation of credit resources to micro, small and medium 
enterprises under Republic Act 9501 or the "Magna Carta for Micro, 
Small and Medium Enterprises." 
Sec. 12. Public Procurement for Social Enterprises. – The 
Government Procurement Policy Board (GPPB) shall facilitate the full 
participation of SEs in public procurement processes. In support of this 
provision, the DBM shall direct agencies of government to allocate at 
least ten percent (10%) of their annual budgets specifically for projects 
to be procured from SEs. 
Sec. 13. Insurance for Social Enterprises. – The Insurance 
Commission shall issue the necessary rules and regulations and 


implement measures to ensure that the insurance industry shall 
provide insurance products, both life and non-life, for SEs and their 
stakeholders among the poor. Furthermore, SEs shall be eligible to be 
licensed agents or delivery channels for their clients and constituents. 
Sec. 14. Cash Incentives for Persons with Disabilities. – To level 
the playing field and in recognition of the circumstances of start-up SEs 
primarily employing PWDs, the SEDF created in Section 8 of this Act 
shall provide a cash incentive for every PWD, in accordance with 
Republic Act 7277 or the “Magna Carta for Disabled Persons”, and other 
marginalized sectors as may be provided by this law, representing at 
least twenty five percent (25%) of the daily minimum wage, until such 
time that the said SE is able to achieve financial sustainability. 
Sec. 15. Eligibility for Benefits and Incentives. – In the case of SEs 
organized as stock corporations, partnerships or sole proprietorships, 
the following requirements shall apply to become eligible for benefits 
and incentives provided by 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 business enterprise, nor may its policies be determined 
by a private business enterprise: Provided, That this shall not 
preclude a 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 (CSR). 
b) 
At least sixty percent (60%) of a SE’s total expenditures and 
profits plows back to the enterprise for the benefit of the poor, 
and engage 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 
such best practices that distribute the profit generated by the 
enterprise. 
CHAPTER IV 
APPROPRIATION AND OTHER PROVISIONS 


Sec. 16. Social Entrepreneurship Education in Schools. – Toward 
strategically developing the nation's human resource capability in 
social entrepreneurship, the DepEd, TESDA and the CHED shall cause 
the integration of SE content and inclusion of SE courses in the 
curricula at all levels, especially in the secondary and tertiary levels. A 
continuing social entrepreneurship education program for out-of-
school youth and adults shall likewise be developed and undertaken. 
Sec. 17. Social Enterprise Week. – In order to institute continuing 
awareness on the importance of SEs as a viable government strategy in 
pursuing poverty alleviation, the week of the month when this Act shall 
have been signed into law shall be declared as the "Social Enterprise 
Week" and shall be celebrated annually. The Council shall, through the 
CSED, be responsible in organizing activities for the event. 
Sec. 18. 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 DTl 
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. 19. Transitory Provision. – Within a period of five years, the 
NEDC 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. Further, 
the NEDC shall evolve socially-acceptable benchmarks for evaluating 
the performance of SEs and incorporate such to more effectively develop 
and regulate the sector. 
Sec. 20. Implementing Rules and Regulations. – Within ninety (90) 
days from the effectivity of this Act, the Secretary of Trade and Industry 
shall, in consultation and coordination with the concerned government 


agencies, promulgate the necessary rules and regulations for the 
effective implementation of this Act. 
Sec. 21. Separability Clause. – If any portion or provision of this 
Act is subsequently declared invalid or unconstitutional, other 
provisions hereof which are not affected thereby shall remain in full 
force and effect. 
Sec. 22. Repealing Clause. – All other laws, acts, presidential 
decrees, executive orders, presidential proclamations, issuances, rules 
and regulations, or parts thereof which are contrary to or inconsistent 
with any of the provisions of this Act are hereby repealed, amended, or 
modified accordingly. 
Sec. 23. Effectivity. – This Act shall take effect fifteen (15) days 
after its publication in the Official Gazette or in a newspaper of general 
circulation. 
Approved,