New Agrarian Emancipation Act | |
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Congress of the Philippines | |
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Citation | Republic Act No. 11953 |
Territorial extent | Philippines |
Enacted by | House of Representatives of the Philippines |
Enacted by | Senate of the Philippines |
Signed by | President Bongbong Marcos |
Signed | July 7, 2023 |
Status: In force |
The New Agrarian Emancipation Act, officially designated as Republic Act No. 11953, is a bill passed by the 19th Congress of the Philippines and signed by President Bongbong Marcos on July 7, 2023. The law frees more than 600,000 farmers from debt. The Act complements the Aquino-era Comprehensive Agrarian Reform Program, which condones farmers with awarded lands from amortizations (managed by Land Bank of the Philippines), [1] including interest and surcharges. [2] About 610,054 agrarian reform beneficiaries (ARBs) tilling 1,173,101.575 hectares (2,898,797.12 acres) of land are seen to benefit from this law. [3] [4] The Philippine government will pay the remaining balance of the direct compensation due the landowners under the Voluntary Land Transfer (VLT) or the Direct Payment Scheme (DPS) amounting to ₱206.2 million. [5] The law covers ₱57.56 billion in agrarian arrears. [6]
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Maria Corazon "Cory" Sumulong Cojuangco-Aquino was a Filipino politician who served as the eleventh president of the Philippines from 1986 to 1992. She was the most prominent figure of the 1986 People Power Revolution, which ended the two-decade rule of President Ferdinand Marcos and led to the establishment of the current democratic Fifth Philippine Republic.
Ferdinand "Bongbong" Romualdez Marcos Jr., commonly referred to by the initials PBBM or BBM, is a Filipino politician who is the 17th and current president of the Philippines. He previously served as a senator from 2010 to 2016. He is the second child and only son of tenth president, kleptocrat and dictator Ferdinand Marcos and former first lady Imelda Marcos.
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