We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The bill, which passed by a 55-5 bipartisan vote, is sponsored by Rep. Mike Foote, D-Lafayette, and Rep. Stephen Humphrey, R-Severance.
The governor currently can only provide aid to affected communities if the president has declared a natural disaster. House Bill 1004 gives the governor the ability to declare a natural disaster and provide financial assistance without waiting for a declaration from the president.
The bill now heads to the Senate.