New Agrarian Emancipation Act (Republic Act No. 11953).

The Republic Act No. 11953 is a landmark Philippine law that frees Agrarian Reform Beneficiaries (ARBs) from decades-long financial burdens. It condones unpaid principal loans, amortizations, interests, penalties, and surcharges owed by ARBs over farmland distributed under the Comprehensive Agrarian Reform Program (CARP) and related laws. The government, through the Land Bank of the Philippines (LBP), will absorb these debts, while pending cases of forfeiture or disqualification of ARBs due to non-payment will be dismissed, restoring land titles where applicable. The Act also terminates direct payments under Voluntary Land Transfer (VLT) and Direct Payment Schemes (DPS), with the government taking over remaining balances owed to landowners. ARBs are exempted from estate taxes on awarded lands and will be prioritized in government credit facilities and support programs under the Department of Agriculture. The Act mandates the inclusion of ARBs in the Registry System for Basic Sectors in Agriculture (RSBSA) to ensure they receive state support services. The text consists of 17 Sections.