The record

LegislationLegislation· Aug 2026
S 3977 Passed Senate — in House

Sponsored by Chuck Grassley (R)

Bankruptcy Threshold Adjustment Act of 2026

Raises debt limits for small business and consumer bankruptcies.

Tradeoff

Allows more people and small businesses to use bankruptcy reorganization instead of liquidation. No offset specified in the bill.

What's in it

See official bill text

Passed the Senate by on August 3, 2026 — sitting in the House.

  1. Senate

    Introduced

    (Mar 3, 2026)

  2. Senate

    Passage of the bill

    Passed by (Aug 3, 2026)

    No individual votes were recorded.

  3. House

    Received from the Senate

    Received(Aug 10, 2026)