American Lending Fairness Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Feb 12, 2026
What it does
The American Lending Fairness Act of 2026 would allow states to opt out of federal interest rate preemption for loans made by financial institutions chartered within that state, restoring state authority over interest rate rules for locally chartered banks and credit unions. It amends the Federal Deposit Insurance Act and the Federal Credit Union Act to permit such opt-outs when a state passes a law or voters approve a measure explicitly rejecting the federal rule for in-state chartered institutions. The bill also repeals Section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980, with the changes applying to state laws or voter certifications made prior to the…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.