119th Congress

S. 3977

Bankruptcy Threshold Adjustment Act of 2026

Introduced
In committee
Passed Senate
Passed House
To President
Became law

Sponsor: Chuck Grassley(R-IA)
Introduced: Mar 3, 2026
Policy area: Finance and Financial Sector
Official text: Engrossed in Senate · Congress.gov page

Cosponsors (5)

Original cosponsors (5)

Summary

Summary by the Congressional Research Service· describes the “Passed Senate” version

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.)

Roll-call votes

No recorded votes on this bill.

Actions

Aug 10, 2026 · House
Held at the desk.
Aug 10, 2026 · House
Received in the House.
Aug 10, 2026 · Senate
Message on Senate action sent to the House.
Aug 3, 2026 · Senate
Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)
Aug 3, 2026
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Mar 4, 2026 · Senate
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.
Mar 3, 2026 · Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Mar 3, 2026
Introduced in Senate