WASHINGTON, Aug. 6 -- Sen. Chris Coons issued the following press release:
U.S. Senators Chris Coons (D-Del.), Chuck Grassley (R-Iowa) and Dick Durbin (D-Ill.) celebrated the unanimous passage by the U.S. Senate of their Bankruptcy Threshold Adjustment Act of 2026, which would restore Americans' access to critical bankruptcy programs by reinstating modern debt limits for Subchapter V and Chapter 13. The legislation is also cosponsored by U.S. Senators John Cornyn (R-Texas), Sheldon Whitehouse (D-R.I.) and the late Senator Lindsey Graham (R-S.C.).
"Americans going through one of the most difficult seasons of their lives shouldn't then be faced with bureaucratic hurdles and outdated rules as they try to restore their financial well-being," ...