Introduced by Senator FRANCIS G. ESCUDERO 
EXF’LANATORY NOTE 
Public ofice is B public trust. 
Government offjcials and employees arz 
accountalh to the pubiic. To ensure that the civil semmt does not use her position to 
enrich licrself, i: is neccisaiy tlmt we put in place. R mccbanisrn whish wili enable the 
Governrnmt to audit the finances oftkc cjvil servmt 
One such iasirurnent is tiire slgnieg of a waivzr ia favor of the Guvcrr,mcnt. wliich 
will allow tile cxmiin,..iicm of the civil seivmt’s txmk a~.icour:is and invc;stnients in 
government bonds. This will aid :he Guwrniwxt tu c e c m ~ ~  
iii gotten knds. 
Wit11 the passage of this biil, transparency of the financial standing of the civil 
servant will seiw as a detc~rent to graft and corruption. 
Approval of this bill is earnestly sought. 
FRANCIS G. ESCUDERO 


Introduced by Senator FRANCIS G. ESCUDERO 
AN ACT 
REQUIRING PUBLIC OFFICIALS AM) EMPLOYEES TO SUBMIT A WRITTEN 
PERMISSION OR WAIVER IN FAVOR OF TKE OMBUDSMAN TO LOOK INTO 
ALL DEPOSITS OF WHATEVER NATURE WITH BANKS OR BANKING 
INSTITUTIONS BOTH WITHIN AND OUTSIDE THEPHlLIPPINES INCLUDING 
INVESTMENT BONDS ISSUED BY THE G0WPJ"T 
OF THE PHILIPPINES, 
ITS POLITICAL SUBDIVISIONS AND INSTRUMENTALITIES AND PROVIDING 
PENALTIES THEREFOR 
Be it enacted by the Senate and the IIozrse of Representatives of the Philippines in 
Congress assembled: 
Section 1. Declaration ofPolicy. It is hereby declared a policy of the State for all 
public oficiais and employees to bc open and transparent in all of their financial 
transactions and dealings 
Section 2. Submission of Written Permission or Waiver. All public officials and 
employees, except those who serve in an honorary capacity, shall submit with the ofice 
of the Ombudsman a written permission or waiver in favor of the Ombudsman to look 
into all deposits of whatever nature with banks or banking institutions, both within and 
outside the Philippines, including investment bonds issued by the government of the 
Philippines, its political subdivisions and instrumentalities. 
The aforestated written pemiission or waiver shall be submiited within thirty (30) 
days from the date of their assumption of o&e; Provided, however, that public ofiicials 
and employees who are already exercising the functions of their respective ofices upon 
the effectivity of this Act shall submit the same not later than thirty (30) days from the 
effectivity of the Rules and Regulations implementing the provisions of this Act 


,: 
Section 3. 
Prohibition in Cme of Faitwe or &&sal 
io Submit Wrtitten 
Premission or Wnivw Any public official or employee who fils or refines to submit 
such written pemksion or wailrcr as required by this A G ~  
shdl itot be allowed to enter 
upon, or continuc exercising, the functions of her office. 
Section 4. Limiation on Use. Only the Office of the Ombudsman may obtain or 
use the written permission or waiver filed under this Act, or any other information or date 
obtained as a result thereof; Provided, however, that the same shall be used exclusively 
for investigating a duly signed and verified complaint and/or prosecuting a case before 
the Sandiganbayan; Provided further, that the Office of the Ombudsman or any other 
agency or instrumentality of the Government or any person may not use the same for any 
purpose. 
Section 5. Pronzulgation of Iiirlsls and Regulutions. 
The Office of the 
Ombudsman shall have the primary responsibility for the administration of this Act; 
Provided, however, that it shall enlist,the advice of the Department of Justice and the 
Banko Sentral ng Pi1ipina.s in drafting the form of the written permission or waiver as 
required by the provisions of this Act. 
Section 6. PenaZties. (a) Any person who violates the provisions of Section 3 hereof 
shall be punished with a fine not exceeding the equivalent of one (1) year salary or 
suspension not exceeding one (1) year, or removal i?om office and, upon the discretion of 
a court of competent jurisdiction, disyualificaiion to hold public office. 
(b)Any person who violates the provisions of Section 4 hereof shall be punished with 
imprisonment of not exceeding six (6) years or a fine not exceeding One Hundred 
Thousand Pesos (P lOO,OO.OO), or both. 


Section 7. SeparabiZity Clause. In the event any portion or provision of this Act is 
declared unconstitutional, the remainder of this Act or any provisions not affected 
thereby shall remain in force and in effect. 
Section 8. Repedizg Chuse, The r&vaiii provisions of Republic Act Nos. 1405, 
3019, 6713 as well as all h v q  decrees md orders or parts thweof inconsistent herewith 
are deemed repealed or modified aceor?lingIy. 
Section 9. Effectivify. This Act shall take effect 15 days after its complete 
publication in at least two (2) newspapers of national circulation. 
Approved,