119th Congress Finance and Financial Sector
S. 3977: Bankruptcy Threshold Adjustment Act of 2026
Passed Senate
- Introduced (completed)
- Passed Senate (completed)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- John Cornyn R-TXOriginal
- Christopher Coons D-DEOriginal
- Richard Durbin D-ILOriginal
- Lindsey Graham R-SCOriginal
- Sheldon Whitehouse D-RIOriginal
Who scored on this bill
- 1Charles Grassley SponsorDrew cross-party cosponsors, introduced, passed Senate3 events+36
- 2Christopher CoonsCosponsored; cosponsored bill passed2 events+4
- 2John CornynCosponsored; cosponsored bill passed2 events+4
- 2Richard DurbinCosponsored; cosponsored bill passed2 events+4
- 2Lindsey GrahamCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Passed the Senate by unanimous consent.
- Introduced in the Senate by Charles Grassley.
Show the full action history (9 actions)
- Received in the House.
- Held at the desk.
- Message on Senate action sent to the House.
- Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)
- Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Passed Senate without amendment by Unanimous Consent.
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.
- Introduced in Senate
- Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.