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A panel convened by President Trump has proposed a revamp of FEMA funding that could reduce federal disaster aid by allocating funds based on hazard levels rather than actual damage assessments. This change aims to expedite aid distribution but raises concerns about the adequacy of funding, and the panel also recommended halving FEMA's staff and forgiving its $20.5 billion debt, pending congressional approval. The future of the proposal remains uncertain after a scheduled vote on the recommendations was canceled.