RA 7836, signed into law on December 16, 1994, aims to professionalize and regulate teaching in the Philippines by establishing licensure examinations and promoting the quality of education. It outlines the creation of a board to oversee the teaching profession and sets standards for teacher qualifications, ethical conduct, and the consequences of malpractice. The act also emphasizes improving the social and economic conditions of public school teachers while ensuring no practicing teacher operates without a valid license.