{"format":1,"id":"117-s-3823","congress":117,"number":"S. 3823","kind":"bill","group":"bills","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act","title_source":"Short Titles as Enacted","official_title":"A bill to amend title 11, United States Code, to modify the eligibility requirements for a debtor under chapter 13, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"A bill to amend title 11, United States Code, to modify the eligibility requirements for a debtor under chapter 13, and for other purposes."},{"type":"Short Titles from ENR (Enrolled) bill text","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act"},{"type":"Display Title","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act"},{"type":"Short Titles as Enacted","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act"},{"type":"Short Titles as Passed House","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act"},{"type":"Short Title(s) as Passed Senate","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act"},{"type":"Short Title(s) as Introduced","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act"}],"outcome":"became_law","law_number":"Public Law 117-151","introduced":"2022-03-14","chambers":{"house":{"status":"roll_call","date":"2022-06-07","vote":{"id":"117-2022-h234","question":"On Motion to Suspend the Rules and Pass","title":"Bankruptcy Threshold Adjustment and Technical Corrections Act","result":"Passed","yea":392,"nay":21,"present":0,"not_voting":14,"source":"https://clerk.house.gov/evs/2022/roll234.xml"}},"senate":{"status":"voice","date":"2022-04-07","vote":null,"how":"unanimous_consent","words":"Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text of amendment in the nature of a substitute: CR S2081)"}},"president":{"status":"signed","date":"2022-06-21"},"vice_president_tie_breaker":null,"latest_action":{"text":"Became Public Law No: 117-151.","date":"2022-06-21"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2022-06-21","stage":"Public Law","blocks":[{"k":"h","t":"Bankruptcy Threshold Adjustment and Technical Corrections Act"},{"k":"p","t":"This bill modifies provisions related to small business reorganization bankruptcies and wage earner's bankruptcies."},{"k":"p","t":"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."},{"k":"p","t":"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.)"}],"words":148},"summary":{"main_subject":{"text":"Changes the debt limits and related rules for who may file under chapter 13 and under the small business reorganization provisions of title 11, United States Code, with the new debt-limit wording ending two years after enactment.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}]},"core_areas":["Chapter 13 debtor eligibility and debt limit","Small business reorganization debtor definition and debt limit","Trustee duties and plan confirmation in small business reorganization cases","Effective dates, retroactive application and two-year sunset"],"what_it_does":[{"text":"Replaces section 109(e) of title 11 so an individual with regular income, or such an individual and spouse, may be a chapter 13 debtor with noncontingent, liquidated debts of less than $2,750,000.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}},{"text":"Rewrites the definition of \"debtor\" in section 1182(1) of title 11 to cover a person in commercial or business activities with aggregate noncontingent liquidated secured and unsecured debts of not more than $7,500,000.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}},{"text":"Excludes from that definition a corporation subject to reporting requirements under section 13 or 15(d) of the Securities Exchange Act of 1934, and any affiliate of such a corporation.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}},{"text":"Amends section 1183(b)(5) of title 11 to list authority to operate the business of the debtor as a separate item among the trustee's duties.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}},{"text":"Replaces section 1191(c)(3) of title 11 with a test that the debtor will be able to make all plan payments, or that there is a reasonable likelihood of that and the plan provides appropriate remedies if payments are not made.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}},{"text":"Two years after enactment, restores the prior wording and amounts of section 109(e) and rewrites section 1182(1) to say \"debtor\" means a small business debtor.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr#id3ADABB7A60D640189D1B74205106C516:~:text=2.%20Bankruptcy%20amendments"}}],"unexpected":[],"version":{"type":"Enrolled Bill","date":null,"rule":"enrolled","href":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text/enr"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-15","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/117th-congress/senate-bill/3823","text":"https://www.congress.gov/bill/117th-congress/senate-bill/3823/text"},"card":{"image":"card/item/117-s-3823.png","v":"c9bac31f0ffd","alt":"Votes on Record. S. 3823, 117th Congress: Bankruptcy Threshold Adjustment and Technical Corrections Act. House: 392 Yea, 21 Nay. Senate: unanimous consent. Outcome: Became law, 21 Jun 2022."}}