The proposal creates a national fund and a set of financing tools—such as contingency cash, parametric insurance, catastrophe bonds and emergency credit lines—to provide fast, pre‑arranged money after disasters, and sets up oversight, audit and reporting mechanisms.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB07325 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.