S. 3977: Bankruptcy Threshold Adjustment Act of 2026

S. 3977 is a federal bill in the 119th Congress. Small businesses and individuals with higher debt amounts can now use faster bankruptcy processes. Previously, small businesses could only use a simplified chapter of bankruptcy if their total debts were below a lower statutory threshold, and if Congress… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.