Bankruptcy Threshold Adjustment Act of 2026
Introduced Mar 3, 2026 by Sen. Chuck Grassley
The Senate passed it. The House has to pass it before it can reach the President.
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 by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Aug 10, 2026Held at the desk.
- Aug 10, 2026Received in the House.
- Aug 10, 2026Message on Senate action sent to the House.
- Aug 3, 2026Passed Senate without amendment by Unanimous Consent. (consideration: CR S4412; text: CR S4412)
- Aug 3, 2026Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Mar 4, 2026Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.
- Mar 3, 2026Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- Mar 3, 2026Introduced in Senate