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NR # 2691B
REF. NO.
NR # 2691B
REF. NO.
be subject to amendment alteration, or repeal by Congress when the common good so requires. Under the measure, the lawmakers proposed to amend Section 4 of the Declaration of National Policy, by inserting the words excluding sale, lease, transfer or grant of usufruct of their legislative franchise. Under Section 7 Categories of Telecommunications Entities, is also amended by inserting the phrase and after prior notification and approval of Congress with regard to said Act. The bill also amends Section 16. Franchise by including the word legislative and phrase likewise, the board shall notify Congress prior to any action it shall make and the sentence further, any sale, lease or purchase or a legislative franchise from one Telecommunications Company to another must seek prior approval of Congress before consummation of any contract pertaining to any such act. Furthermore, Section 23. Equality of Treatment in the Telecommunications Industry is also amended by including the phrase upon prior review and approval of Congress. (30) lvc