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AI Summary: This regulation aims to expedite the rebuilding of homes and businesses in areas affected by the Pacific Palisades and Eaton Canyon wildfires by addressing perceived failures of state and local governments to manage the disaster and subsequent recovery. It directs federal agencies, specifically the Department of Homeland Security through the Federal Emergency Management Agency (FEMA) and the Small Business Administration (SBA), to consider regulations that would preempt state or local permitting processes that have unduly delayed the use of federal emergency relief funds. These agencies are also to consider replacing such preempted processes with a requirement for builders to self-certify compliance with state and local health and safety standards to a federal designee. Furthermore, the regulation instructs federal agencies to use all available authorities to expedite waivers, permits, and reviews related to rebuilding efforts, ensuring these processes are limited in scope and duration to facilitate recovery while maintaining public safety. It also mandates a review of unspent Hazard Mitigation Grant Program (HMGP) funding allocated to California and a federal audit of the state's use of these funds to ensure accountability and effective mitigation of future wildfire impacts. Finally, the regulation calls for legislative proposals to address situations where state or local governments hinder timely disaster recovery.