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S. 3977

Bankruptcy Threshold Adjustment Act of 2026

Bankruptcy 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.)

Held at the desk.

Sen. Grassley, Chuck [R-IA](R-IA)Sponsor
5 cosponsors3 D2 R
5cosponsors8actions1related bills3subjects
  1. FloorH15000

    Held at the desk.

  2. FloorH14000

    Received in the House.

  3. Floor

    Message on Senate action sent to the House.

  4. Floor

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)

  5. Floor17000

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

  6. Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.

  7. Calendars

    Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

  8. IntroReferral10000

    Introduced in Senate

Bankruptcy Threshold Adjustment Act of 2026 — Informed