Career and Technical Education Equity Act - Amends the Carl D. Perkins Career and Technical Education Act of 2006 to revise hold harmless requirements for the allotment of career and technical education assistance grants to states. Prohibits a state from receiving an allotment for a fiscal year that is less than 90% of the allotment the state received for the preceding fiscal year. (Currently, no state may receive an allotment less than the one it received for FY1998.)