S. 3977 Congress 119 session
Bankruptcy Threshold Adjustment Act of 2026
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.)
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Passed one chamber — last recorded action August 10, 2026
Held at the desk.
Passage likelihood
64% Higher than most bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 4% of introduced federal bills are enacted.
- Current stage Passed one chamber.
- Cosponsors 5 cosponsors.
- Bipartisan cosponsorship Cosponsors come from 2 parties.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Held at the desk.
- Received in the House.
- 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.
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.
- Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- Introduced in Senate