S 3977 · 119th Congress

Bankruptcy Threshold Adjustment Act of 2026

This bill updates the debt limits that determine who can file for bankruptcy protection. Right now, the rules haven't been adjusted in years, which means some people and small businesses that should qualify for bankruptcy relief are being locked out because their debts exceed outdated thresholds. This bill raises th…

Sponsor

Grassley, Chuck (R-Iowa)

Introduced

2026-03-03

Policy area

Finance and Financial Sector