Bill · H.R. 7866· House(119-HR-7866)
American Lending Fairness Act of 2026
- Introduced
- 3/9/2026
- Last activity
- 9/16/2026 — Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 18.
- Sponsored by
- Warren Davidson
- Cosponsors
- - 3 - 4
- Introduced
What this bill would do
This bill is known as the American Lending Fairness Act of 2026. It changes how Federal interest rate rules apply to state-chartered banks and insured credit unions. The bill allows individual States to opt out of certain preemption rules regarding loans. Specifically, a State can adopt a law or certify a voter decision stating it does not want the subsection to apply. This opt-out only applies to loans made by institutions chartered by that specific State. Additionally, the bill repeals an older section of the Depository Institutions Deregulation and Monetary Control Act of 1980.
Yes· 3 of 6
Does this leave more decisions to the states?+5
The bill explicitly empowers states to opt out of federal preemption regarding loans made by their own chartered institutions.
Does this make it easier to run a small business?+3
By allowing states to opt out of certain preemption rules, it may provide more localized control over lending practices for state-chartered institutions.
Does this give people more protection from unfair business practices?+3
States could use this authority to implement interest rate limits or other protections for their residents through their own chartered banks.
The opposite
Does this give the federal government more power?-3
This bill reduces federal preemption, thereby decreasing federal control over state-chartered banking regulations.
Who it would affect, and how
Potential Positive Impacts for People
- Section 2(a) and Section 2(b) allow States to adopt a law or certify that voters voted in favor of a provision stating the State does not want the federal interest rate exportation rules to apply to loans made by its own chartered institutions. This gives States a clear mechanism to act if their residents vote to change how loan rules apply to institutions chartered within their borders.
Potential Negative Impacts for People
- Based strictly on the provided text, no specific negative consequences or burdens for individuals or groups of people are mentioned.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+3Improves Small Business Support+3
- Demographic And Interest Groups
- Good For Business Owners+2Good For Low Income Households+2Good For Middle Class Households+1
- Governance And Ideology
- Increase States Rights+5Increases Federal Power-3
- 9/16/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 18.
- 9/8/2026
- 2 Cosponsors added.
- 7/27/2026
- 1 Cosponsor added.
- 6/8/2026
- 1 Cosponsor added.
- 5/7/2026
- 2 Cosponsors added.
- 3/9/2026
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy BarrRepublican · Kentucky
Scott FitzgeraldRepublican · Wisconsin
Vicente GonzalezDemocrat · Texas
Josh GottheimerDemocrat · New Jersey
Steven HorsfordDemocrat · Nevada
Young KimRepublican · California
Sarah McBrideDemocrat · Delaware