S 3823 117th Congress Senate Finance and Financial Sector Bankruptcy Corporate finance and management Inflation and prices Small business

Bankruptcy Threshold Adjustment and Technical Corrections Act

Introduced: March 14, 2022 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov

Everywhere this bill has been 19 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 21, 2022

Became Public Law No: 117-151.

Jun 21, 2022

Signed by President.

Jun 9, 2022

Presented to President.

Jun 7, 2022

Motion to reconsider laid on the table Agreed to without objection.

Jun 7, 2022

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 392 - 21 (Roll no. 234). (text: CR H5260-5261)

Jun 7, 2022

Considered as unfinished business. (consideration: CR H5322-5323)

Jun 7, 2022

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

Jun 7, 2022

DEBATE - The House proceeded with forty minutes of debate on S. 3823.

Jun 7, 2022

Considered under suspension of the rules. (consideration: CR H5260-5262)

Jun 7, 2022

Mr. Neguse moved to suspend the rules and pass the bill.

Apr 11, 2022

Held at the desk.

Apr 11, 2022

Received in the House.

Apr 8, 2022

Message on Senate action sent to the House.

Apr 7, 2022

Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S2081)

Apr 7, 2022

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text of amendment in the nature of a substitute: CR S2081)

Apr 7, 2022

Measure laid before Senate by unanimous consent. (consideration: CR S2081-2082)

Apr 7, 2022

Senate Committee on the Judiciary discharged by Unanimous Consent.

Mar 14, 2022

Read twice and referred to the Committee on the Judiciary.

Mar 14, 2022

Introduced in Senate

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Jun 7, 2022	House · vote #234	On Motion to Suspend the Rules and Pass	Passed	392–21	See who voted →

Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to

Amendment	Sponsor	Purpose	Status	Latest action
SAMDT 5,025	Grassley, Chuck	In the nature of a substitute.	Agreed to	Apr 7, 2022

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Plain-English summary Congressional Research Service

Bankruptcy Threshold Adjustment and Technical Corrections Act

This bill modifies provisions related to small business reorganization bankruptcies and wage earner's bankruptcies.

Specifically, the bill extends for two years the increase of the amount of debt allowed to be carried by debtors to qualify for small business reorganization bankruptcy and provides that this debt limit is subject to adjustment for inflation. Additionally, it provides that a small business debtor includes a debtor that is an affiliate of certain publicly traded companies. Further, it authorizes the bankruptcy trustee to operate the business of the debtor if the debtor ceases to be a debtor in possession.

The bill also increases for two years the debt limit for individuals filing for bankruptcy under Chapter 13 (i.e., the wage earner's plan) and allows both secured and unsecured debt to count towards this single limit. (Currently, separate limits apply to secured and unsecured debt.)

What's happening now June 21, 2022

Became Public Law No: 117-151.

Related & companion bills 3

Bill text 4 versions

Engrossed in Senate Formatted Text PDF Formatted XML
Enrolled Bill Formatted Text PDF Formatted XML
Introduced in Senate Formatted Text PDF Formatted XML
Public Law Formatted Text PDF United States Legislative Markup

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Judiciary Committee
Senate

Cosponsors 3

Cornyn, John

Texas · Mar 14, 2022

Durbin, Richard J.

Illinois · Mar 14, 2022

Whitehouse, Sheldon

Rhode Island · Mar 14, 2022

Cite this page click to expand

APA

U.S. Congress. (2026). S. 3823: Bankruptcy Threshold Adjustment and Technical Corrections Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3823/

MLA

"S. 3823: Bankruptcy Threshold Adjustment and Technical Corrections Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3823/.

Bluebook (legal)

S. 3823, 117th Cong. (2026), https://openamerica.io/bill/117-S-3823/.

Markdown link

[S. 3823: Bankruptcy Threshold Adjustment and Technical Corrections Act](https://openamerica.io/bill/117-S-3823/)