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H.R. 7730: Bankruptcy Threshold Adjustment Act

119th Congress · introduced 2026-02-26 · Finance and Financial Sector · Latest: Message on Senate action sent to the House.

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What does this mean?

Official title

Bankruptcy Threshold Adjustment Act

Plain summary

Bankruptcy Threshold Adjustment Act of 2026 This bill restores changes that expired in 2024 applicable to debt limits for Subchapter V (small business reorganization) and Chapter 13 (the wage earner's plan) bankruptcies. Specifically, the bill increases the debt limit under Subchapter V from approximately $3.4 million to $7.5 million and increases the cumulative debt limit under Chapter 13 from approximately $2.1 million to $2.75 million. The bill also applies both secured and unsecured debt towards the Chapter 13 limit. (Currently, separate limits apply to secured and unsecured debt under Chapter 13 bankruptcy.)

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

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A “Nay” vote

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What does this mean? (plain words)

Official text

Bankruptcy Threshold Adjustment Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Cline, Ben [R-VA-6] · 6 cosponsors

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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

Record fed-us-cong119-hr7730 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills