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The bill granting President Marcos the authority to temporarily suspend or reduce excise tax on fuel products--easily the most sought-after measure in Congress in light of the raging conflict in the Middle East--was approved on second reading on Wednesday night, March 11.

READ: https://mb.com.ph/2026/03/11/house-approves-fuel-excise-tax-suspension-bill-on-2nd-reading-waits-for-palace-certification

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Transcript
00:00Madam Speaker, I move to open the period of amendments.
00:03There's a motion. Is there any objection? The Chair hears none. The motion is approved. Majority Leader.
00:09Madam Speaker, there being no committee nor individual amendments, I move to close the period of amendments.
00:14There's a motion. Is there any objection? The Chair hears none. The motion is approved. Majority Leader.
00:19Madam Speaker, I move to vote on second reading, House Bill No. 8418.
00:25Those who are in favor, say aye. Aye. Those who are against, say nay. The aye, 7th, House Bill 8418,
00:33is approved on second reading.
00:38Congratulations. Madam Speaker, majority Leader. Session suspended.
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