Article 15 of the same Code is hereby amended to read as follows: "Art. 15. Power to phase out.
Section 3
SECTION 3. Article 15 of the same Code is hereby amended to read as follows: "Art. 15. Power to phase out.—The Department of Labor shall phase out within four (4) years from the effectivity of this Code the operation of all private fee-charging employment agencies, including those engaged in the overseas recruitment and placement of individuals for personal services or for the crew of a vessel. No new application for license to operate a private fee-charging domestic employment agency shall be entertained upon the effectivity of the Code. All existing licenses issued in favor of private fee-charging domestic employment agencies shall be valid only up to the date of their expiration. The public employment offices of the Department of Labor shall absorb the functions and activities of private fee-charging domestic employment agencies. Upon the completion of such phaseout, no person or entity shall directly or indirectly engage, for profit or any pecuniary or material advantage, in any recruitment or placement activity. Non-fee charging employment agencies or placement services undertaken by schools or by civic or charitable organizations or by employers for their own use may continue under such rules and regulations as may be promulgated by the Secretary of Labor."