HB 2562
House·20th Congress·Filed Jul 29, 2025
An Act Strengthening the Regulatory Powers of the National Food Authority to Support the Rice Industry and Ensure Consumer Protection Through Adequate Supply and Stable Price of Rice, Amending for the Purpose Republic Act No. 8178, Otherwise Known as the "Agricultural Tariffication Act", as Amended
In plain language
The proposed Rice Industry and Consumer Empowerment (RICE) Act would give the National Food Authority new powers to register and fee‑license grain warehouses, seize hoarded rice for public sale, and import rice when local supply is low. It also sets rules for maintaining a buffer stock sourced mainly from local farmers, limits monthly disposal to one‑quarter of the stock, and allows the Department of Agriculture to set a floor price for palay, with penalties for violations.
Agriculture and FisheriesConsumer ProtectionPublic Order and Safety
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Authors · 4 Representatives
Official sources
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HB02562 · Sources: BetterGov Open Congress, BatasWatch