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Senate bill · S. 3977 (119th Congress)

Bankruptcy Threshold Adjustment Act of 2026

U.S. Senate

Latest action Aug 10, 2026

Sponsor: Chuck Grassley (U.S. Senator for Iowa, Republican)

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From Congress.gov and official rosters. This record was last updated Sep 23, 2026. About our data

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.)

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

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Cosponsors

5

Showing the 4 who are on Agora, A to Z. Congress.gov listed 5 as of Jul 30, 2026.

See all cosponsors on Congress.gov (opens in a new tab)
  • Democratic3
  • Republican1

This bill has cosponsors from more than one party.

Party is shown for the 4 cosponsors who are on Agora.

Shown in neutral colors by design; Agora is non-partisan.

Related bills

As identified by Congress.gov.

Full history

  1. Aug 10, 2026

    Held at the desk.

  2. Aug 10, 2026

    Held at the desk.

  3. Aug 10, 2026

    Message on Senate Action Sent to the House.

    Message on Senate action sent to the House.

    U.S. Senate

  4. Aug 10, 2026

    Sent to the executive

    Received in the House.

    U.S. House of Representatives

  5. Aug 3, 2026

    Passed a chamber

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)

    U.S. Senate

Show full history (3 earlier events)
  1. Mar 4, 2026

    Introduced

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.

    U.S. Senate

  2. Mar 4, 2026

    Read the Second time. Placed on Senate Legislative Calendar Under General Orders. Calendar No. 347.

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.

    U.S. Senate

  3. Mar 3, 2026

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

Read the record