HOUSERoll Call 234 · Jun 7, 2022, 11:24 PMpassage-suspension

On Motion to Suspend the Rules and Pass: S 3823 Bankruptcy Threshold Adjustment and Technical Corrections Act

S. 3823
392YEA21NAY
Passed
S. 3823Required: 2/3Source →
CRS SUMMARY PREVIEW

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.)

VOTE VISUALIZATION

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D — YEA
D — NAY
R — YEA
R — NAY
NOT VOTING

PARTY BREAKDOWN

Democratic100% unity
Yea: 215Nay: 0NV: 4
Republican89% unity
Yea: 177Nay: 21NV: 10
NOTABLE DEFECTIONS
Republican: 21 voted against party majority

ALL VOTES (427)

Group by
CA(51)
Not VotingDJosh Harder
SD(1)
VT(1)
WY(1)
Not VotingRLiz Cheney