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On Wednesday, President Benigno Aquino III personally submitted to Congress leaders the draft Bangsamoro Basic Law (BBL) at Malacañang.
The BBL will embody the peace agreement signed by the Philippine goverment and the Moro Islamic Liberation Front (MILF) last March, which aims to end the decades-old conflict in Mindanao.
The legislation seeks to create the Bangsamoro political entity, which will replace the Autonomous Region in Muslim Mindanao. It will also specify wealth- and power-sharing arrangements between the national government and the new political entity.
The draft law's transmittal to Congress signals the start of another crucial stage in the peace process, when the bill will go through the legislative mill and face lawmakers' scrutiny.
Once Congress passes the BBL, a referendum will be held in the proposed Bangsamoro territory. The Bangsamoro Transition Authority will be created and the Autonomous Region in Muslim Mindanao (ARMM) will be abolished.
Elections will be held for the Bangsamoro Government, and the exit agreement will be signed in 2016.
Below is the full text of the draft BBL.