House approves bill on agrarian and agricultural loan restructuring and condonation of interests
House Bill No. 5702 aims to alleviate the financial burdens of hundreds of thousands of agricultural land tillers and fisherfolks by writing off millions in accumulated interest, penalties, and surcharges on their loans. The House of Representatives approved House Bill No. 5702, or the Agrarian and Agricultural Loan Restructuring and Condonation Act, with 271 votes. …