# 117-hr-7494: Bankruptcy Threshold Adjustment and Technical Corrections Act

117-hr-7494, Bankruptcy Threshold Adjustment and Technical Corrections Act, is a 117th Congress bill sponsored by Rep. Neguse, Joe [D-CO-2] (D-CO); status Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7494
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7494
- Congress: 117
- Title: Bankruptcy Threshold Adjustment and Technical Corrections Act
- Status: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
- Introduced: 2022-04-11
- Sponsor: Rep. Neguse, Joe [D-CO-2] (D-CO)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Bankruptcy Threshold Adjustment and Technical Corrections Act 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.)

## Cosponsors (1)

- Rep. Cline, Ben [R-VA-6] (R-VA), 2022-04-11T00:00:00.000Z

## Related bills

- 117-hr-5961: To make revisions in title 5, United States Code, as necessary to keep the title current, and to make technical amendments to improve the United States Code.
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-1057: Greatest Generation Commemorative Coin Act
- 117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyville, Texas, on January 15, 2022.

## Sources
- [117-hr-7494 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7494)

## Related
- [117-hr-5961: To make revisions in title 5, United States Code, as necessary to keep the titl…](https://policyrisk.com/legislation/117-hr-5961)
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-1057: Greatest Generation Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1057)
- [117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyvi…](https://policyrisk.com/legislation/117-hres-881)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7494 (as of 2025-11-18).