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Bill · 119th Congress · S 3977
Bankruptcy Threshold Adjustment Act of 2026
Refreshed 3 h ago
Introduced 2026-03-03Topic: economy jobsSummary
Summary by the Congressional Research ServiceBankruptcy Threshold Adjustment Act of 2026 This bill restores changes that expired in 2024 applicable to debt limits for Subchapter V (small business reorganization) and Chapter 13 (the wage earner's plan) bankruptcies. Specifically, the bill increases the debt limit under Subchapter V from approximately $3.4 million to $7.5 million and increases the cumulative debt limit under Chapter 13 from approximately $2.1 million to $2.75 million. The bill also applies both secured and unsecured debt towards the Chapter 13 limit. (Currently, separate limits apply to secured and unsecured debt under Chapter 13 bankruptcy.)
Sponsors
- Chuck Grassley Republican sponsor
- 4 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-08-10 | House | Held at the desk. | |
| 2026-08-10 | House | Received in the House. | |
| 2026-08-10 | Senate | Message on Senate action sent to the House. | |
| 2026-08-03 | Senate | Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412) | |
| 2026-08-03 | Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. | floor pass | |
| 2026-03-04 | Senate | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347. | |
| 2026-03-03 | Senate | Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. | |
| 2026-03-03 | Introduced in Senate | introduce |