1. Home
  2. Bills
  3. S. 3823

S. 3823 · 117th Congress · 2021–2022

Bankruptcy Threshold Adjustment and Technical Corrections Act

S. 3823 in the 117th Congress (2021–2022) became law — introduced on Mar 14, 2022, sponsored by Chuck Grassley with 3 co-sponsors. Congress held 1 roll call vote on it.

During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.

Status
Became law
Introduced
Mar 14, 2022
Co-sponsors
3
Policy area
Finance and Financial Sector
Public law
Public Law 117-151

What it does

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.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Chuck Grassley (R-IA). Co-sponsors: 2 Democrats, 1 Republican.

Where it stands

  • IntroducedMar 14, 2022
  • Passed the SenateApr 7, 2022
  • Passed the HouseJun 7, 2022
  • Sent to the PresidentJun 9, 2022
  • Became lawJun 21, 2022

Latest action: Became Public Law No: 117-151. (Jun 21, 2022)

How Congress voted

  • On Motion to Suspend the Rules and Pass
    House · Jun 7, 2022 · Passed
    392–21

Every roll call vote on this bill

More bills from Chuck Grassley in the 117th Congress

Other Finance and Financial Sector bills in the 117th Congress

Committees

  • Judiciary Committee

More

From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “S. 3823 (117th Congress): Bankruptcy Threshold Adjustment and…,” https://www.capitolreceipts.com/bill/117-s-3823/bankruptcy-threshold-adjustment-and-technical-corrections-act (accessed 2026-10-15).

Open the interactive version ›