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This bill extends certain temporary bankruptcy eligibility requirements for an additional two years, changing the sunset date from two years to four years under the Bankruptcy Threshold Adjustment and Technical Corrections Act. The legislation affects individuals and businesses seeking bankruptcy protection by maintaining current income and asset threshold requirements that determine who qualifies to file for different types of bankruptcy. The bill was introduced in April 2024 by a bipartisan group of senators including Dick Durbin and Lindsey Graham and was referred to the Senate Judiciary Committee. No new funding is required as this measure simply extends existing provisions rather than creating new programs or appropriations.

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