H.R. 7494: Bankruptcy Threshold Adjustment and Technical Corrections Act

117th Congress · introduced 2022-04-11 · Finance and Financial Sector · Latest: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

federal

Follow this bill, step by step

Where it came from: introduced 2022-04-11 · official record
Who proposed it: Rep. Neguse, Joe [D-CO-2] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Bankruptcy Threshold Adjustment and Technical Corrections Act

Plain summary

Bankruptcy Threshold Adjustment and Technical Corrections Act This bill modifies provisions related to small business reorganization bankruptcies and wage earner's bankruptcies. Specifically, the bill extends for two years the increase of the amount of debt allowed to be carried by debtors to qualify for small business reorganization bankruptcy and provides that this debt limit is subject to adjustment for inflation. Additionally, it provides that a small business debtor includes a debtor that is an affiliate of certain publicly traded companies. Further, it authorizes the bankruptcy trustee to operate the business of the debtor if the debtor ceases to be a debtor in possession. The bill also increases for two years the debt limit for individuals filing for bankruptcy under Chapter 13 (i.e., the wage earner's plan) and allows both secured and unsecured debt to count towards this single limit. (Currently, separate limits apply to secured and unsecured debt.)

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

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A “Nay” vote

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What does this mean? (plain words)

Official text

Bankruptcy Threshold Adjustment and Technical Corrections Act

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Neguse, Joe [D-CO-2] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Ben Cline (R-VA)

Sponsor's campaign money: Rep. Neguse, Joe [D-CO-2] reported raising $3.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr7494.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr7494 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117