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S. 3977119th CongressFinance and Financial Sector
Bankruptcy Threshold Adjustment Act of 2026
Sponsored by Sen. Chuck Grassley (R-IA) · 5 active : 2 Republicans, 3 Democrats
Latest action: Held at the desk.
Where it standsBefore the Senate11 senators score as swing votes
Passed Senate
- Senate: passedAug 3, 2026
- House: next
- President: not yet
Summary
, via Congress.govBankruptcy 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.
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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.)
How the projections held up
Each member’s recorded vote compared with their swing projection from before the vote. A member by voting against most of their own party.
Senate
Passed by voice vote or unanimous consent: no individual votes recorded.
Committees and subjects
Committees
No committee referrals recorded
Congress.gov lists no committee activity for this bill yet, so no member gets the gatekeeper bonus in swing-v3.
Subjects
- Bankruptcy
- Debt collection
- Small business
Model
Directional: count only breaks toward the other partyWhy do scores change?v3default (selected)v2 model swing-v2
How the Senate breaks down
- 11Swing 70–100
- 60Middle 30–70
- 29Entrenched 0–30
Members fall into . All 100 senators have enough data to score.
Key players in the Senate
Ranked by swing score, 0–100 · swing-v3, directional: only movement toward the other party counts, so members who sit further from the center than their party no longer score as swing votes.
Bars show each input from 0 to 100: ideology gap, scorecard gap, , and the . is the seat’s partisan lean, and shows how much of the input data a score has.
Similar past votes, Senate
Earlier behind swing-v3’s inputLoading similar votes
Cosponsors
5 activeShow all 5 cosponsors
- Christopher A. Coons (D-DE)
- John Cornyn (R-TX)
- Lindsey Graham (R-SC)
- Richard J. Durbin (D-IL)
- Sheldon Whitehouse (D-RI)
How the swing score works
Ideology gapHow far a member’s DW-NOMINATE voting score sits from their party’s median in the same chamber.
Scorecard gapHow far their Heritage Action and LCV ratings stray from their party’s average, using the groups’ votes on similar bills where available.
Cross-pressureHow strongly their district or state leans toward the other party, from our own computed partisan lean.
Similar votesHow often they voted against their own party on earlier roll calls about this bill or similar ones.
Committee bonusMembers of the committees handling the bill decide whether it moves, so they get a boost.
Cosponsor checkThe sponsor and active cosponsors have already committed, so they drop toward entrenched.
