# 116-hr-8902: Consumer Bankruptcy Reform Act of 2020

116-hr-8902, Consumer Bankruptcy Reform Act of 2020, is a 116th Congress bill sponsored by Rep. Nadler, Jerrold [D-NY-12] (D-NY); status Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8902
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8902
- Congress: 116
- Title: Consumer Bankruptcy Reform Act of 2020
- Status: Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2020-12-08
- Sponsor: Rep. Nadler, Jerrold [D-NY-12] (D-NY)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Consumer Bankruptcy Reform Act of 2020 This bill generally revises consumer bankruptcy law by establishing a new Chapter 10 for individual debtors with not more than $7.5 million in debt. The bill eliminates the ability of individual debtors to file for bankruptcy under Chapter 7 liquidation bankruptcy and repeals Chapter 13, which requires individual debtors to comply with a repayment plan to receive a discharge of debt. Under Chapter 10, debtors may receive a discharge of debt through making minimum payment obligations based on the debtor's assets and income which may result in immediate discharge for individuals with no minimum payment obligation. The bill also provides for residential protections for debtors and revises what type of debt is dischargeable in bankruptcy. An individual may obtain a discharge under Chapter 10 once every six years. Individuals may seek limited bankruptcy proceedings on certain debts, such as a home mortgage. The bill also establishes consumer bankruptcy protections, including by creating a Consumer Bankruptcy Ombuds at the Consumer Financial Protection Bureau.

## Cosponsors (1)

- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2020-12-08T00:00:00.000Z

## Related bills

- 116-hr-8924: Our Homes, Our Votes Act
- 116-hr-8867: CATS Act of 2020
- 116-hr-8818: Ending Bankruptcy Discrimination Act of 2020
- 116-hr-8598: Emergency Social Security COLA for 2021 Act
- 116-hr-8548: Commission on Presidential Capacity to Discharge the Powers and Duties of the Office Act
- 116-hr-8430: CALMER Act of 2020

## Sources
- [116-hr-8902 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8902)

## Related
- [116-hr-8924: Our Homes, Our Votes Act](https://policyrisk.com/legislation/116-hr-8924)
- [116-hr-8867: CATS Act of 2020](https://policyrisk.com/legislation/116-hr-8867)
- [116-hr-8818: Ending Bankruptcy Discrimination Act of 2020](https://policyrisk.com/legislation/116-hr-8818)
- [116-hr-8598: Emergency Social Security COLA for 2021 Act](https://policyrisk.com/legislation/116-hr-8598)
- [116-hr-8548: Commission on Presidential Capacity to Discharge the Powers and Duties of the O…](https://policyrisk.com/legislation/116-hr-8548)
- [116-hr-8430: CALMER Act of 2020](https://policyrisk.com/legislation/116-hr-8430)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8902 (as of 2025-11-18).