To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to require the President to establish a disaster deductible for each State to offset the amount provided to such State in response to a major disaster, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to require the President to establish a disaster deductible for each State to offset the amount provided to such State in response to a major disaster, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Criminal Justice.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H28FEAA202B404476B9BD8634DB4EA266: 1. Short title This Act may be cited as the Ensuring Quality Investments in Preparedness Act of 2024 or the EQUIP Act of 2024.
- Section H0CB6E6EFBE654498A49091B719C902D4: 2. Disaster deductible The Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.) is amended by adding at the end the...
- Section H507980B21806412FB812DC212E69FA10: 801. Establishment of disaster deductible The President, in consultation with State and local governments and other stakeholders, shall establish a major...
- Section HB7F1A16F0E1A4921A739D1405ED552AC: 802. Application of Federal share Nothing in this title may be construed to affect the amount of the Federal share of funds required under this Act. Any funds...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to require the President to establish a disaster deductible for each State to offset the amount provided to such State in response to a major disaster, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Criminal Justice
Primary Purpose
This bill, To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to require the President to establish a disaster deductible for each State to offset the amount provided to such State in response to a major disaster, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedCommitted to the Committee of the Whole House on the …
Mr. Perry introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator_of_fema"
- → Administrator of the Federal Emergency Management Agency
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology