READ: Speaker Lord Allan Jay Velasco says he instructed the House Committee on Constitutional Amendments to open discussions on amending what he described as 'restrictive' economic provisions of the Constitution | @xianneangel
@xianneangel Velasco says Resolution of Both Houses No. 2, which he authored, 'seeks to liberalize the restrictive economic provisions in the Constitution that prevent us from becoming fully competitive with our Asian neighbors.' | @xianneangel
@xianneangel Velasco says the addition of the phrase 'unless otherwise provided by law' to the Constitution's economic provisions 'will allow Congress to enact laws to free up the economy to foreign investors, or maintain the status quo.' | @xianneangel
@xianneangel Velasco: We are proposing to amend Sections 2, 3, 7, 10 and 11 of Article XII (National Patrimony and Economy), Section 4 of Article XIV (Education, Science and Technology, Arts, Culture and Sports) and Section 11 of Article XVI (General Provisions) | @xianneangel
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