Haiti Economic Lift Program Extension Act of 2025

Senate Bill

S. 742

119th Congress

Haiti Economic Lift Program Extension Act of 2025

In Committee

Introduced:Sep 15, 2025

Primary Sponsor

Joni Ernst

Senator

Republican

IA

Cosponsors

3

Quick Stats

Policy Area

Economics and Public Finance

Summary

This bill aims to limit the amount of U.S. national debt that can be held by foreign governments, foreign companies, and foreign citizens. It sets a cap of one-quarter of the total national debt for all foreign holders combined, and a 5% limit for any single foreign country. The president can waive these limits if they determine it's necessary for an important national interest.

Latest Action

Read twice and referred to the Committee on Finance.

SponsorJoni Ernst (R-IA)

Introduced9/15/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Haiti Economic Lift Program Extension Act of 2025

This bill aims to limit the amount of U.S. national debt that can be held by foreign governments, foreign companies, and foreign citizens. It sets a cap of one-quarter of the total national debt for all foreign holders combined, and a 5% limit for any single f

Community Breakdown

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Fail

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0 predictions

This bill aims to limit the amount of U.S. national debt that can be held by foreign governments, foreign companies, and foreign citizens. It sets a cap of one-quarter of the total national debt for all foreign holders combined, and a 5% limit for any single foreign country. The president can waive these limits if they determine it's necessary for an important national interest.

Bill Number: 742
Sponsor: Joni Ernst (R-IA)
Introduced: 9/15/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: Economics and Public Finance

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Haiti Economic Lift Program Extension Act of 2025
Bill Number: 742
Sponsor: Joni Ernst (R-IA)
Status: Read twice and referred to the Committee on Finance.
Introduced: 9/15/2025
Summary: This bill aims to limit the amount of U.S. national debt that can be held by foreign governments, foreign companies, and foreign citizens. It sets a cap of one-quarter of the total national debt for all foreign holders combined, and a 5% limit for any single foreign country. The president can waive

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to limit the amount of U.S. national debt that can be held by foreign governments, foreign companies, and foreign citizens. It sets a cap of one-quarter of the total national debt for all foreign holders combined, and a 5% limit for any single foreign country. The president can waive these limits if they determine it's necessary for an important national interest.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

National Debt is National Security Act This bill establishes limits on the portion of the national debt that may be held by foreign governments, entities, and individuals. Specifically, the portion of the national debt that is cumulatively held by foreign governments, entities organized or incorporated under the laws of a foreign country, and citizens of foreign countries may not exceed one-fourth of the national debt. In addition, the portion of the national debt that is cumulatively held by the government of a single foreign country, entities organized or incorporated under the laws of the country, and citizens of the country may not exceed 5% of the national debt. The bill allows the President to waive these limits if the President determines and reports to Congress that an important national interest requires the waiver.

Key Points

Main provisions of the bill

Limits the total national debt that can be held by all foreign entities to 25% of the total debt
Limits the national debt that can be held by a single foreign country to 5% of the total debt
Allows the president to waive these limits if they determine it's necessary for an important national interest

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would affect foreign governments, companies, and citizens who currently hold U.S. debt. They would be required to reduce their holdings to meet the new limits, which could impact investment and economic relationships between the U.S. and other countries. Domestic U.S. investors and institutions may see increased demand for U.S. debt as foreign holdings are reduced.

Policy Areas

Primary Policy Area

Economics and Public Finance

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

742, 119th Congress (2025). "Haiti Economic Lift Program Extension Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-742