H.R. 8616, also known as the "Ensuring Quality Investments in Preparedness Act of 2024" or the "EQUIP Act of 2024," proposes to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act. The bill requires the President to establish a "disaster deductible" for...
Simple Explanation
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.