Here's a fun way to think about the EQUIP Act of 2024: Imagine everyone has to save a certain amount in their piggy banks before they can get help after a storm. This new rule says each state must figure out how much to save before asking for help from the big government piggy bank, based on how big the state is and how often it gets help.

This bill wants to make each state save some money before the President helps them with big disasters, like storms or fires. The amount they have to save is like when you have to save some of your allowance before your parents give you more money for toys.