HR7789Referred to Committee

Federal Loan Systems Modernization Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-04
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Brad Finstad
Brad Finstad
Republican · MN · Representative
Votes with party: 98.7% (604 recorded votes)

Full profile: /officials/F000475

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Oversight and Government Reform.

2026-03-04

Source: Congress.gov

Plain-English Summary

This bill would update the technology and processes used by federal loan programs to make them more efficient and easier for borrowers to use. The changes would likely affect federal student loans, small business loans, and other government lending programs by modernizing outdated computer systems and streamlining how applications are processed. The goal is to reduce errors, speed up loan approvals, and improve the overall experience for the millions of Americans who borrow from federal programs.

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.

Subjects

Finance and Financial Sector
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Open text viewRead on Congress.gov

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