The purpose of this legislation is to expand the types of disasters for which small businesses can receive federal disaster loans. Specifically, it aims to include damages caused by prolonged power outages as a qualifying disaster under the Small Business Act. This change is intended to help small businesses recover from the financial impacts of extended electrical outages, which can disrupt operations and lead to significant losses. Key provisions of the legislation include the definition of a "prolonged power outage" and the specific uses for the disaster loans.