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S. 3977 119th Congress Senate

Bankruptcy Threshold Adjustment Act of 2026

Official title: A bill to amend title 11, United States Code, to modify certain bankruptcy eligibility requirements, and for other purposes.

Introduced: March 3, 2026 Introduced by: Chuck Grassley Republican · Iowa See on congress.gov
Finance and Financial Sector BankruptcyDebt collectionSmall business
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 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 2026
Held at the desk.
Aug 10, 2026
Received in the House.
Aug 10, 2026
Message on Senate action sent to the House.
Aug 3, 2026
Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)
Aug 3, 2026
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Mar 4, 2026
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.
Mar 3, 2026
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Mar 3, 2026
Introduced in Senate
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What's happening now August 10, 2026

Held at the desk.

 Plain-English summary Congressional Research Service

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.)

 Related & companion bills 1
  • HR 7730 Identical bill Bankruptcy Threshold Adjustment Act
 Bill text 3 versions

Source documents hosted by congress.gov.

 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 5
All 5 Democratic 3 Republican 2
D
Coons, Christopher A.
Delaware · Mar 3, 2026
 R
Cornyn, John
Texas · Mar 3, 2026
 D
Durbin, Richard J.
Illinois · Mar 3, 2026
 R
Graham, Lindsey
South Carolina · Mar 3, 2026
 D
Whitehouse, Sheldon
Rhode Island · Mar 3, 2026
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3977: Bankruptcy Threshold Adjustment Act of 2026. 119th Congress. Open America. https://openamerica.io/bill/119-S-3977/
MLA
"S. 3977: Bankruptcy Threshold Adjustment Act of 2026." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-3977/.
Bluebook (legal)
S. 3977, 119th Cong. (2026), https://openamerica.io/bill/119-S-3977/.
Markdown link
[S. 3977: Bankruptcy Threshold Adjustment Act of 2026](https://openamerica.io/bill/119-S-3977/)
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