The purpose of the RESTORE Third Spaces Act of 2026 is to create a pilot program that provides grants for the renovation and development of "third spaces." These are public areas that are not homes or workplaces, but serve as important social, cultural, and economic hubs in communities. The act aims to enhance community engagement, reduce social isolation, and support local economies, especially in underserved areas. Key provisions of the act include the establishment of a grant program managed by the Secretary of Commerce, in collaboration with other federal agencies.