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Oversight Committee. There is hereby created a Joint Congressional Oversight Committee to oversee the utilization of at least Two billion pesos (P 2,000,000,000.00) appropriated from all sources for the Guimaras oil spill. The Committee shall be composed of six members with the chairpersons of the Senate Committee on Finance and the House Committee on Appropriations as co-chairpersons, and the chairpersons of the Senate Committee on Environment and Natural Resources and the House Committee on Ecology, and one member each from the Senate and the House of Representatives, to be designated by the Senate President and the
Speaker of the House of Representatives, upon nomination of the respective minority leaders as members: Provided, finally, That the NDCC shall submit to the Congressional Oversight Committee a bi-monthly report on the utilization of funds for the Guimaras oil spill.
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