Senate Bill 3977
119th Congress(2025-2026)
Bankruptcy Threshold Adjustment Act of 2026
Introduced
Introduced in Senate on Mar 3, 2026
Bill Intelligence
The "Bankruptcy Threshold Adjustment Act of 2026" modifies debt limits for small business and consumer bankruptcies. For small businesses, the debt limit is raised to $7,500,000, excluding debts to affiliates or insiders. Consumer bankruptcy debt limit is set at $2,750,000 for individuals with regular income or with a spouse, but excludes stockbrokers or commodity brokers. The changes apply to cases commenced under title 11, United States Code, after the Act's enactment.
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Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3977
Congress
119
Policy Area
Unavailable
No Senate votes have been held for this bill.
Summary
Unavailable
March 4, 2026
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03/04/2026
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 347.
03/03/2026
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
03/03/2026
Introduced in Senate
Public Record
Record Updated
Mar 6, 2026 3:53:22 AM