After the new constitution of the Philippines was approved in 1987, a group leaders and key government officials involved in cooperative promotions and development drafted a bills governing cooperatives.
Senators Agapito Butz Aquino and Aquilino Pimentel, Jr. later sponsored Republic Act 6938 known as cooperative Code of the Philippines and Republic Act 6939 establishing the Cooperative Development Authority.
These were signed into law on March 10,1990 by President Corazon C. Aquino. Constitutionally mandated and as a matter of national policy, cooperatives are considered instruments of social justice.
