CONGRESS FOR VOTERS

RepublicanAmendment · S.Amdt. 6122· Senate(119-SAMDT-6122)

S.Amdt. 6122

Rep. Grassley
Age: 93 years
Iowa
Introduced
6/24/2026
Sponsored by
Chuck Grassley
Cosponsors
Republican - 0Democrat - 1
Changes bill
119-S-4784 — National Defense Authorization Act for Fiscal Year 2027
  1. Introduced
  2. Pending Consideration

What this amendment would do

This amendment, which may be called the Bankruptcy Threshold Adjustment Act of 2026, aims to change the debt limits for specific types of bankruptcy filings.

  • Small Business Bankruptcy: It modifies the debt limit for a person engaged in commercial or business activities to an amount not more than $7,500,000 (excluding debts owed to one or more insiders or affiliates).

  • Consumer Bankruptcy: It modifies the debt limit for an individual with regular income (or an individual and their spouse, excluding commodity or stockbrokers) to debts that aggregate less than $2,750,000 to be a debtor under chapter 13.

These changes would apply to any case started on or after the date the Act is enacted.