American Lending Fairness Act of 2026

Warren Davidson

Republican · OH · Representative

Source: Congress.gov · FEC

• Andy Barr (R-KY-6)Original· 2026-03-09
• Sarah McBride (D-DE)· 2026-05-07
• Steven Horsford (D-NV-4)· 2026-05-07

Referred to the House Committee on Financial Services.

2026-03-09

Source: Congress.gov

Without specific subjects listed, this bill likely addresses lending practices and fairness in the financial system, possibly by regulating how banks and lenders treat borrowers or by addressing discrimination in loan approval processes. The bill would probably affect consumers seeking loans, banks and lending institutions, and potentially small business owners who rely on credit. The House Financial Services Committee will review the proposal to determine whether it should move forward for a vote.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7866 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7866 To restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks by allowing States to opt out of preemption only with respect to loans made by their own chartered institutions, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 9, 2026 Mr. Davidson (for himself and Mr. Barr) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks by allowing States to opt out of preemption only with respect to loans made by their own chartered institutions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Lending Fairness Act of 2026''. SEC. 2. INTEREST RATE APPLICABLE TO OUT-OF-STATE CHARTERED FINANCIAL INSTITUTIONS. (a) Insured Depository Institutions.--Section 27 of the Federal Deposit Insurance Act (12 U.S.C. 1831d) is amended by adding at the end the following: ``(c) If a State adopts a law or certifies that the voters of the State have voted in favor of any provision, constitutional or otherwise, that states explicitly and by its terms that the State does not want this subsection to apply with respect to loans made by institutions chartered by that State, subsection (a) shall not apply to loans made by (or for which a commitment to make such loan was entered into by) such institutions after the date on which that law is adopted or such certification is made.''. (b) Insured Credit Unions.--Section 205(g) of the Federal Credit Union Act (12 U.S.C. 1785(g)) ``is amended'' by adding at the end the following: ``(3) If a State adopts a law or certifies that the voters of the State have voted in favor of any provision, constitutional or otherwise, that states explicitly and by its terms that the State does not want this subsection to apply with respect to loans made by institutions chartered by that State, paragraph (1) shall not apply to loans made by (or for which a commitment to make such loan was entered into by) such institutions after the date on which that law is adopted or such certification is made.''. (c) Repeal.-- (1) In general.--Section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (12 U.S.C. 1730g note) is hereby repealed. (2) Application.--The amendments made by subsections (a) and (b) shall apply with respect to, and govern the legal effect of, any State law adopted or certification made pursuant to section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (12 U.S.C. 1730g note) before the date of enactment of this Act. <all>

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