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CIVIC HERALD
S 3977 · 119th Congress · SenateOther

Bankruptcy Threshold Adjustment Act of 2026

In plain language: 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.)

Provisional: our plain-language summary, pending review.

Provisionalunreviewed: summary
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Timeline

How it moved.

  1. Aug 10, 2026Held at the desk.
  2. Aug 3, 2026Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)
  3. Aug 3, 2026Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
  4. Mar 3, 2026Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
  5. Mar 3, 2026Introduced in Senate

Sources & provenance

Congress.govrefreshed 15 days ago

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