Floor Vote ScheduledFiled Feb 26, 2026
Sponsor: Rep. Cline, Ben [R-VA-6] (R)
Latest Action
Placed on the Union Calendar, Calendar No. 684.
Aug 27, 2026
Summary
The Bankruptcy Threshold Adjustment Act of 2026 increases the maximum debt a small business can owe to qualify for Chapter 11 relief to $7.5 million and raises the cap for individuals filing Chapter 13 to $2.75 million. It applies to new cases filed after the law takes effect and excludes certain large affiliates, publicly‑reported corporations, and stock or commodity brokers. The changes aim to broaden access to bankruptcy protection for larger businesses and higher‑income households.
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