117th Congress (2021–2023) · Senate bill · Sponsor: Sen. Grassley, Chuck [R-IA]
This page covers S3823 in the 117th Congress. Bill numbers start over every Congress, so S3823 in another Congress is a different bill.
| Item | Detail |
|---|---|
| Roll-call votes | 1 |
| Chamber | House |
| Latest vote | 2022-06-07: Passed |
| Latest action | 2022-06-21: Became Public Law No: 117-151. |
| Policy area | Finance and Financial Sector |
| Official record | Congress.gov |
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. Additionally, it provides that a small business debtor includes a debtor that is an affiliate of certain publicly traded companies. Further, it authorizes the bankruptcy trustee to operate the business of the debtor if the debtor ceases to be a debtor in possession. The bill also increases for two years the debt limit for individuals filing for bankruptcy under Chapter 13 (i.e., the wage earner's plan) and allows both secured and unsecured debt to count towards this single limit. (Currently, separate limits apply to secured and unsecured debt.)
Subjects: Bankruptcy, Corporate finance and management, Inflation and prices, Small business
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2022-06-07 | House | 2/3 Yea-And-Nay | Passed | 273 | 15 | 7 | Official tally |
S3823 (Bankruptcy Threshold Adjustment and Technical Corrections Act) was introduced in the 117th Congress (2021–2023) by Sen. Grassley, Chuck [R-IA].
On 2022-06-21: Became Public Law No: 117-151.
1 recorded vote in the 117th Congress. The most recent, on 2022-06-07, was "2/3 Yea-And-Nay": Passed.