Bill · S. 3889· Senate(119-S-3889)
American Lending Fairness Act of 2026
- Introduced
- 2/12/2026
- Last activity
- 2/12/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Bernie Moreno
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The American Lending Fairness Act of 2026 aims to restore and clarify Federal interest rate exportation parity for State-chartered banks. This bill allows States to opt out of certain preemption rules specifically regarding loans made by their own chartered institutions. States can do this by adopting a law or through voter certification. This process applies to both insured depository institutions and insured credit unions. Finally, the act includes a repeal of Section 525 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 allows states to opt out of certain federal interest rate exportation rules.
Would business owners be better off under this?+3
Provides more local control for state-chartered financial institutions.
Does this make it easier to run a small business?+3
This bill empowers state-chartered institutions to operate more closely within state-specific regulatory frameworks.
The opposite
Does this give the federal government more power?-3
This bill decreases federal preemption power in favor of state sovereignty.
Who it would affect, and how
Potential Positive Impacts for People
-
State Autonomy Over Local Loans: States can opt out of certain preemption rules if they adopt a law or if voters certify their preference regarding loans made by institutions chartered by that State (Section 2(a) and Section 2(b)).
-
Direct Voter Involvement: The bill allows for the possibility of voters directly deciding on these provisions through certification (Section 2(a) and Section 2(b)).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3Good For Low Income Households+2Good For Middle Class Households+1
- Economy And Finance
- Improves Consumer Protection+3Improves Small Business Support+3
- Governance And Ideology
- Increase States Rights+5Increases Federal Power-3
- 9/29/2026
- 1 Cosponsor added.
- 2/12/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
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.
Mike LeeRepublican · Utah