S. 4150Senate118th Congress (2023-2025)In Committee

Bankruptcy Threshold Adjustment Extension Act

Introduced April 17, 2024

AI-Generated Summary

Updated January 20, 2026 at 4:00 PM UTC

The Bankruptcy Threshold Adjustment Extension Act amends the existing Bankruptcy Threshold Adjustment and Technical Corrections Act to lengthen the temporary bankruptcy eligibility period. It changes the duration from the original two years to four years, affecting individuals who qualify for the adjusted bankruptcy thresholds.

Key Provisions

  • Extends the temporary eligibility period for the adjusted bankruptcy thresholds from 2 years to 4 years by amending Section 2(i)(1) of the original Act.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on the Judiciary. (text: CR S2829)

April 17, 2024

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SenateIntro Referral

Introduced in Senate

April 17, 2024

SenateIntro Referral

Read twice and referred to the Committee on the Judiciary. (text: CR S2829)

April 17, 2024

Floor Debate

2 members

What members said about S. 4150 on the floor

2 Democrats
Alex Padilla
Sen. Alex PadillaD-CA · Apr 17, 2024

Madam President, I rise to introduce the Fusion Energy Act of 2024, which will accelerate the development of commercial fusion energy by codifying the Nuclear Regulatory Commission's regulatory…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Apr 17, 2024

Madam President, I ask unanimous consent that the text of the bill be printed in the Record.

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Apr 17, 2024

Madam President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

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Introduced in SenateIssued April 17, 2024

II

118th CONGRESS

2d Session

S. 4150

IN THE SENATE OF THE UNITED STATES

April 17, 2024

Mr. Durbin (for himself, Mr. Graham, Mr. Whitehouse, Mr. Grassley, Mr. Coons, and Mr. Cornyn) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

A BILL

To amend the Bankruptcy Threshold Adjustment and Technical Corrections Act to extend bankruptcy eligibility requirements for an additional 2-year period.

1.

Short title

This Act may be cited as the Bankruptcy Threshold Adjustment Extension Act.

2.

Extension of temporary provisions

Section 2(i)(1) of the Bankruptcy Threshold Adjustment and Technical Corrections Act (Public Law 117–151; 136 Stat. 1300) is amended, in the matter preceding subparagraph (A), by striking 2 years and inserting 4 years.