Lets electric utilities carry out cost‑effective hazard‑mitigation upgrades at the same time they use FEMA emergency funds to restore power after a disaster. It also confirms that taking emergency restoration assistance does not block a utility from later receiving separate FEMA hazard‑mitigation funds it would otherwise qualify for.

These changes apply only to money appropriated on or after enactment. The goal is faster, smarter rebuilds that make the grid more resilient while power is being restored.