Section 6. Section 12 (2) of Republic Act No. 7581 is hereby amended to read as follows:

"SEC. 12.Functions of the Price Coordinating Council. —

"xxx xxx xxx

"(2)It shall report at least semi-annually to the President and to the Congress of the Philippines the status and progress of the programs, projects, and measures undertaken by each implementing department, agency or office as well as the comprehensive strategies developed by the Council to stabilize the prices of basic necessities and prime commodities. The report shall include goods that have been included or excluded from the list of basic necessities and prime commodities as provided for under Section 4 of this Act;

"xxx xxx xxx."