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S. 3977 · 119th Congress

Bankruptcy Threshold Adjustment Act of 2026

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Passed the Senate without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted. Its text can still change before it becomes law.

CGR GrassleySponsor
5 cosponsors · 3 D, 2 R
JCR Cornyn CCD Coons RDD Durbin LGR Graham SWD Whitehouse

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. Senate Introduced Mar 3, 2026
  2. Senate Passed Aug 3, 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.

What it does: CRS summary · Passed Senate · Aug 3, 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.)

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Bankruptcy Threshold Adjustment Act of 2026

Latest action (Aug 10, 2026): Held at the desk.

Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 3, 2026

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. Senate Introduced Mar 3, 2026
  2. Senate Passed Aug 3, 2026

No recorded floor vote found.