Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. The first paragraph of section one of Republic Act Numbered Eight hundred twenty-one is hereby amended to read as follows:

"SECTION 1. It is hereby declared to be the policy of Congress to assist small farmers in securing liberal credit and to promote the effective groupings of farmers into cooperative associations to enable them to market efficiently their agricultural commodities, so as to place agriculture (including livestock, poultry and fishing including deep-sea fishing) on a basis of economic equality with other industries, and to improve the standard of living of our people engaged in agriculture—"

SEC. 2. This Act shall take effect upon its approval.

Enacted, without Executive approval, June 23, 1957.