This bill significantly revises the funding structure for predisaster hazard mitigation under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, replacing the previous competitive grant system with a new direct allocation formula for states and Indian tribal governments. This change aims to provide more streamlined and predictable funding for resilience projects across the nation. The legislation also ensures that a substantial portion of these funds reaches local communities for critical mitigation efforts. The new formula distributes funds based on three equal criteria: an equal share for each eligible state, a proportion based on state population, and a proportion reflecting a state's vulnerability to natural hazards in its critical infrastructure. Indian tribal governments are guaranteed a minimum of $75,000,000 in financial assistance under this revised framework. Furthermore, states receiving these funds are mandated to distribute at least 50 percent to local governments for recommended projects, ensuring direct impact at the community level. The bill also clarifies that receiving predisaster mitigation funds does not impact eligibility for post-disaster hazard mitigation assistance, and vice versa, preventing funding conflicts between the two programs.