FALSE

A YouTube video falsely claimed that former senator Ferdinand “Bongbong” Marcos Jr. authored a law revising the New Central Bank Act of 1993. 

Marcos was not among those listed as authors of Senate Bill (SB) No. 1297 because he was no longer a senator when the bill was signed into law as Republic Act (RA) No. 11211 by President Rodrigo Duterte on Feb. 14, 2019. He proposed a similar bill in 2014 but only reached first reading and remained at the senate committee level.

Senate Bill (SB) No. 1297 consolidated multiple bills authored by senators Franklin Drilon, Ralph Recto, Francis “Chiz” Escudero, Joseph Victor “JV” Ejercito, and Juan Edgardo “Sonny” Angara during the 17th Congress (2016-2019). This was the basis of the law that amended the New Central Bank Act of 1993.

Read the full story on VERA Files Fact Check.

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