Bayanihan to Arise As One Act is worth P420-billion

House Speaker Lord Allan Velasco said on Sunday that he had filed the proposed “Bayanihan to Arise As One Act” or the Bayanihan 3 in an attempt to help spur the country’s economic recovery in response to the coronavirus pandemic.

Velasco said that 115 members of major political parties and blocs in the administration-allied supermajority in the lower chamber have already signaled their support for the measure and their intent to co-author House Bill No. 8628).