H.R. 8616, also known as the "Ensuring Quality Investments in Preparedness Act of 2024" or the "EQUIP Act of 2024," seeks to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act. It requires the President to set a disaster deductible for each state, which...
Simple Explanation
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.