The proposal would set up a national framework and a dedicated fund to finance disaster response, using tools such as contingency budgets, parametric insurance, and catastrophe bonds, and would create a board of senior officials to manage the fund.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB07961. Status changes over time; check the link for the latest.
HB07961 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.