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United States

S. 3977

Bankruptcy Threshold Adjustment Act of 2026

Sen. Chuck Grassley (R-IA)

Official summary (Congressional Research Service, Passed Senate): 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.)

Passed Senate (unanimous consent) 3 August 2026

Record as of 10 August 2026 — the most recent action in the official record. Status can lag; each step below carries its own date.

  1. 10 August 2026 Held at the desk.
  2. 2 more actions
    1. 10 August 2026 Received in the House.
    2. 10 August 2026 Message on Senate action sent to the House.
  3. 3 August 2026 Passed Senate (unanimous consent)
  4. 4 March 2026 Placed on calendar (Senate)
  5. 3 March 2026 Introduced in Senate
  6. 1 more action
    1. 3 March 2026 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
This path starts where the bill does — its first action in the official record. Routine procedural steps sit in the “more actions” rows above rather than on the main line.

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