S. 3977
IntroducedBankruptcy Threshold Adjustment Act of 2026
Latest Action
Held at the desk.
8/10/2026 • House
Summary
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.)
Passed Senate • 8/3/2026
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Related Federal Spending
Sponsor & Cosponsors (6)
Party Breakdown
Sponsor
Cosponsors (5)
Bill Journey
Originated in the Senate
Introduced
March 3, 2026
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Committee Review
Floor Debate
August 3, 2026
Passed Chamber
Other Chamber
August 10, 2026
President
Enacted into Law