This bill, titled the "Protecting Supplemental Security Income for Disaster Victims Act," amends Title XVI of the Social Security Act to ensure that certain settlement payments do not negatively impact Supplemental Security Income (SSI) eligibility or benefit levels. It specifically modifies the definitions of both income and resources for SSI recipients. Under the new provisions, any amounts received in settlement of claims for personal injury, physical sickness, or damage to property will be disregarded. This includes, but is not limited to, settlements arising from the "In Re: East Palestine Train Derailment" case. The bill ensures that these funds are not counted when determining an individual's eligibility for or the amount of their SSI benefits, with retroactive application for the East Palestine settlement to protect affected beneficiaries.