The main purpose of this legislation, known as the "Stop Post-Disaster Vultures Act," is to protect communities affected by major disasters from aggressive purchasing tactics by institutional investors. The law aims to prevent these investors from soliciting property purchases in disaster-stricken areas for a period of six months following a disaster declaration. Key provisions of the law include a clear definition of what constitutes an institutional investor. Specifically, it identifies any individual or entity that owns at least 75 single-family homes as an institutional investor.