The purpose of the Consumer Protection and Corporate Accountability in Bankruptcy Act of 2026 is to strengthen the bankruptcy process by addressing cases where a company files for Chapter 11 bankruptcy in bad faith or without a legitimate purpose. The goal is to prevent misuse of the bankruptcy system, ensuring that it serves its intended purpose of helping financially distressed businesses while protecting creditors and maintaining fairness in the process. Key provisions of the Act include new criteria for dismissing Chapter 11 cases.