House body okays amendments to CDA charter

February 7, 2014 6:29 am 

MANILA, Feb. 6 — The The committee on cooperative development of the House of Representatives unanimously approved on Wednesday a consolidated version of six bills that seek to reorganize the Cooperative Development Authority (CDA).

CDA is the sole government agency that regulates cooperatives in the country. At present, there are about 25,000 cooperatives registered with the agency.

House Bills Nos. 276, 463, 493, 1219, 2391 and 2665 authored by Reps. Anthony Bravo, Agapito Guanlao, Rufus Rodriguez, Maximo Rodriguez, Diosdado Arroyo, Gloria Macapagal-Arroyo, Rodolfo Biazon, Gwen Garcia and Coop-Natcco party-list Rep. Cresente Paez, who is the committee chair, were consolidated by the panel. This will be referred to the House committee on rules for second reading.

The bill, if enacted into law, will repeal Republic Act No. 6939 or the CDA Charter.

"This measure strengthens the supervisory and regulatory powers of the CDA. We clothed CDA with additional powers to mediate, conciliate and or arbitrate disputes within and between cooperatives upon request and in accordance with Art. 137 of R.A 9520,” said Paez in a statement.

The proposed measure will also ease the process for cooperatives to avail tax exemption privileges as the certificate of registration of a cooperative will ipso facto constitute as the sole legal basis for full enjoyment of tax exemption. The Certificate of Good Standing (CGS) will no longer be required.

According to Paez, the committee together with the Senate Committee on Cooperatives led by Senator Ferdinand Marcos Jr., conducted joint public hearings in Cebu City and Davao City last year to gather the opinion and sentiments of the cooperative sector and the stakeholders.

“We are earnestly seeking the approval of this measure so that the CDA will become more responsive to the purpose and provisions of RA 9520 or the new Cooperative Code,” said Bravo.

The counterpart bill in the Senate, authored by Senator Marcos, is expected to be passed on second reading within the week. (PNA)

LGI/SFM

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