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US SB3424

Bill

Status

Passed

2/6/2026

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 payment rising from $45 to $105—the first increase since 1994

  • Fee distribution from Chapter 7 filings reallocated: $63.51 to Treasury special fund, $25.00 to Deficit Reduction Act fund, and $51.49 to United States Trustee System Fund

  • Chapter 11 quarterly fee provisions extended from 5-year to 10-year terms, with fee percentages adjusted from 0.8% to 0.9% for certain disbursement calculations

  • Temporary bankruptcy judgeship positions from the 2017 and 2020 Acts extended from 5-year to 10-year terms across multiple judicial districts

  • For fiscal years 2026 through 2031, $5,400,000 annually from Chapter 11 quarterly fees must be deposited in the general fund of the Treasury

Legislative Description

Bankruptcy Administration Improvement Act of 2025

Finance and financial sector

Last Action

Became Public Law No: 119-76.

2/6/2026

Full Bill Text

No bill text available