Loading chat...

US SB1659

Bill

Status

Engrossed

8/8/2025

Primary Sponsor

Christopher Coons

Click for details

Origin

Senate

119th Congress

AI Summary

  • Chapter 7 bankruptcy trustee compensation increases from $60 to $120 per case, with the base amount rising from $45 to $105 under Section 330(b)(1)—the first increase since 1994

  • Quarterly fees for Chapter 11 cases adjusted by extending the fee calculation period from 5 years to 10 years and increasing the disbursement multiplier from 0.8% to 1.1%

  • Temporary bankruptcy judgeship terms extended from 5 years to 10 years across multiple judicial districts established under the 2017 and 2020 bankruptcy acts

  • Fee distribution restructured to allocate $63.51 to the Treasury special fund, $25.00 to the Deficit Reduction Act fund, and $51.49 to the United States Trustee System Fund per case

  • $5,400,000 annually from Chapter 11 quarterly fees directed to the general Treasury fund for fiscal years 2026 through 2031

Legislative Description

Bankruptcy Administration Improvement Act of 2025

Finance and financial sector

Last Action

Held at the desk.

8/8/2025

Committee Referrals

Judiciary5/7/2025

Full Bill Text

No bill text available