S. 3977 Senate Finance and Financial Sector
Bankruptcy Threshold Adjustment Act of 2026
Senate Floor, still liveSTAGE 5 OF 8 — SENATE FLOOR
Currently in the Senate. Last action: held at the desk on Aug 10, 2026.
- Senate Introduced in Senate 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
- Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347. Mar 4, 2026
- Senate Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. Aug 3, 2026
- Senate Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412) Aug 3, 2026
- Senate Message on Senate action sent to the House. Aug 10, 2026
- House Received in the House. Aug 10, 2026
- House Held at the desk. Aug 10, 2026
Cosponsors
5
Subjects
BankruptcyDebt collectionSmall business
Summary
Bankruptcy Threshold Adjustment Act of 2026This 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.)
[Summary as of: Passed Senate]
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