The GRACE Act would establish a minimum floor of 125,000 refugees that the President must admit annually to the United States, unless the President makes a specific determination before the fiscal year begins that a different number is justified by humanitarian concerns or national interest. If the President fails to issue any determination by the start of a fiscal year, the 125,000 minimum would automatically take effect. The bill requires the President to consider global refugee resettlement needs identified by the United Nations when setting admission numbers and to establish regional allocations with a reserve for areas with urgent needs. The legislation also mandates quarterly reports to Congress detailing refugee admissions progress, security clearance rates, interview backlogs, processing timelines, and plans to meet admission targets. The bill affects the State Department, Department of Homeland Security, and refugee admission officials who would need to treat the minimum or determined ceiling as binding numerical goals for their operations.