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Bankruptcy Threshold Adjustment and Technical Corrections Act

Public Law 117-151 · S. 3823 · 117th Congress · began in the Senate

Signed by Joe Biden (D) on Jun 21, 2022 · Finance and Financial Sector

Sponsor: Sen. Chuck Grassley (R-IA)

Cosponsors (3): Sen. Richard Durbin,

Passage votesYeaNay

  • HouseRecorded vote: 392 yea, 21 nay392–21
  • SenateUnanimous consent
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

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Summary

The Congressional Research Service’s plain-language summary of what the law does.

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.)

Who voted for it

Every House member of the 117th Congress on the ideology compass. Highlighted: the 392 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.

392 yea21 nay14 present or did not vote

ProEstablishmentAnti
Economic left–right
More liberalMore conservative

Democrats who voted yea(215)

Republicans who voted yea(177)

Data notes

The House’s recorded vote on the final version of the law (roll call 681 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.

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Committees

The committees the bill was sent to, and what each did with it.

Data notes

A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.

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Related bills

3 bills the Library of Congress relates to this one.

  • H.R. 5939Related bill

    Small Business Reorganization Technical Corrections Act

  • H.R. 7494Related bill

    Bankruptcy Threshold Adjustment and Technical Corrections Act

  • S. 2679Related bill

    Small Business Reorganization Technical Corrections Act

Data notes

Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.

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Timeline

From introduction to signing, newest first: the committees, the floor and the president. 18 actions.

  1. Jun 21, 2022Became lawBecame law · Became Public Law No: 117-151.
  2. Became lawBecame law · Signed by President.
  3. Jun 9, 2022FloorFloor · Presented to President.
  4. Jun 7, 2022FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
  5. FloorFloor · On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 392 - 21 (Roll no. 234).House roll call 234
  6. FloorFloor · Considered as unfinished business.
  7. FloorFloor · At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  8. FloorFloor · DEBATE - The House proceeded with forty minutes of debate on S. 3823.
  9. FloorFloor · Considered under suspension of the rules.
  10. FloorFloor · Mr. Neguse moved to suspend the rules and pass the bill.
  11. Apr 11, 2022FloorFloor · Held at the desk.
  12. FloorFloor · Received in the House.
  13. Apr 8, 2022FloorFloor · Message on Senate action sent to the House.
  14. Apr 7, 2022FloorFloor · Passed Senate with an amendment by Unanimous Consent.
  15. FloorFloor · Measure laid before Senate by unanimous consent.
  16. CommitteeCommittee · Senate Committee on the Judiciary discharged by Unanimous Consent.
  17. Mar 14, 2022CommitteeCommittee · Read twice and referred to the Committee on the Judiciary.
  18. IntroducedIntroduced · Introduced in Senate
Data notes

Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.

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Amendments

1 amendment offered to the bill, with the last recorded step of each.

  • S.Amdt. 5025SenateSen. Chuck GrassleyR-IA· offered Apr 7, 2022Agreed to

    In the nature of a substitute.

    Apr 7, 2022: Amendment SA 5025 agreed to in Senate by Unanimous Consent.

    Agreed to
Data notes

Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.

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Official record

The bill’s full text is on Congress.gov. Data through Oct 7, 2026.