Leal Unit Comments to the following issues:

1. Whether it is necessary to amend or revise the Constitution;

2. What is the preferred mode of amendment or revision; and
3. What are the specific proposals, if any.

1. It is necessary to amend not to revise the Constitution in order to

respond to the demands of the modern society and eliminate some
provisions which are serious obstacles to the national economy;

2. The preferred mode of amendment is through Constitutional Assembly.

- The power to amend the Constitution or to propose amendments is
not included in the general grant of legislative powers to Congress.
It is part of the inherent right of the people. Congress may propose
amendments to the Constitution because the Constitution explicitly
grants that power. Hence, when exercising that power, it is said that
members of Congress act not as members of Congress, but as
component elements of a constituent assembly.
The members of Congress, acting as a constituent assembly,
propose the amendments or revisions. A respected Constitutionalist,
Fr. Joaquin Bernas, points to the record of the Constitutional
Convention that the two houses of Congress vote separately in
reaching the required 3/4 vote. (Incidentally, the House of
Representatives issued House Resolution No. 1109 to test if the
Supreme Court would rule on whether the three-fourths vote of the
Senate and House of Representatives should be done separately.)

3. The following amendments maybe considered:

a. The removal of the 60%-40% equity limitations on foreign investors;

b. Removing the control and management exclusively by Filipinos in
companies with foreign equities;
c. Expanding the role of foreign investors in the exploration,
development and exploration, development and utilization of
natural resources;
d. Expanding support to inventors both from the local and the national
government.