S. 3823: Bankruptcy Threshold Adjustment and Technical Corrections Act

CBO Score

$4 million

Date of Report

Mon June 6th, 2022

CBO Report Details

Legislation Details

117th Congress

A bill to amend title 11, United States Code, to modify the eligibility requirements for a debtor under chapter 13, and for other purposes.

Sponsor: Sen. Charles Grassley — R — IA

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 t...

View the full vote history of this bill on GovTrack.us.

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