RESTORE Act

Senate Bill

S. 1882

119th Congress

RESTORE Act

In Committee

Introduced:May 22, 2025

Primary Sponsor

Cindy Hyde-Smith

Senator

Republican

MS

Cosponsors

0

Quick Stats

Policy Area

Economics and Public Finance

Summary

The RESTORE Act would change how the federal debt limit works. Instead of having a fixed debt ceiling, the Treasury Department would be able to continue borrowing money unless Congress passes a special resolution to block it. This would make it easier for the government to keep paying its bills and avoid defaulting on its debt.

Latest Action

Read twice and referred to the Committee on Finance. (text: CR S2031-2032)

SponsorCindy Hyde-Smith (R-MS)

Introduced5/22/2025

StatusRead twice and referred to the Committee on Health, Education, Labor, and Pensions.

ChamberSenate

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Vote Prediction

RESTORE Act

The RESTORE Act would change how the federal debt limit works. Instead of having a fixed debt ceiling, the Treasury Department would be able to continue borrowing money unless Congress passes a special resolution to block it. This would make it easier for the

Community Breakdown

Pass

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Fail

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0 predictions

The RESTORE Act would change how the federal debt limit works. Instead of having a fixed debt ceiling, the Treasury Department would be able to continue borrowing money unless Congress passes a special resolution to block it. This would make it easier for the government to keep paying its bills and avoid defaulting on its debt.

Bill Number: 1882
Sponsor: Cindy Hyde-Smith (R-MS)
Introduced: 5/22/2025
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy Area: Economics and Public Finance

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: RESTORE Act
Bill Number: 1882
Sponsor: Cindy Hyde-Smith (R-MS)
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced: 5/22/2025
Summary: The RESTORE Act would change how the federal debt limit works. Instead of having a fixed debt ceiling, the Treasury Department would be able to continue borrowing money unless Congress passes a special resolution to block it. This would make it easier for the government to keep paying its bills and

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The RESTORE Act would change how the federal debt limit works. Instead of having a fixed debt ceiling, the Treasury Department would be able to continue borrowing money unless Congress passes a special resolution to block it. This would make it easier for the government to keep paying its bills and avoid defaulting on its debt.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Debt Ceiling Reform ActThis bill replaces the existing federal debt limit with procedures that allow the Department of the Treasury to continue issuing additional debt unless a joint resolution of disapproval regarding the additional debt is enacted into law. The bill also requires Congress to consider the joint resolution using specified expedited legislative procedures.

Key Points

Main provisions of the bill

Replaces the current fixed federal debt limit with a process allowing the Treasury Department to issue more debt unless Congress blocks it
Requires Congress to use special fast-track procedures to consider a resolution to disapprove additional debt
Aims to prevent the government from defaulting on its debt and financial obligations

How This Impacts Americans

Potential effects on citizens and communities

If enacted, the RESTORE Act would primarily impact the federal government's ability to borrow money and pay its bills. It would reduce the risk of a potentially damaging default on the national debt, which could have widespread economic consequences for businesses, investors, and ordinary Americans.