House vote: S. 3823 // June 7, 2022Needed two-thirds to pass
Bankruptcy Threshold Adjustment and Technical Corrections Act
Sponsor: Charles Grassley (R-IA)
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.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 6.6% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 385 | 88.7% |
| Nay | Lost | 20 | 4.7% |
| Not represented on this question | No position taken | 0 | 6.6% |