Federal Loan Systems Modernization Act of 2026

This bill directs the General Services Administration to plan and create "Lending.gov," a single shared online platform for applying for and managing loans offered by federal agencies. Within 6 months, the agency must submit a plan naming a lead agency to run the platform, along with a timeline and cost estimate. Federal agencies with loan programs would have to move their loan management systems to the platform within 3 years, unless the Office of Management and Budget grants an exception of up to 3 years. The platform operator could charge a fee of up to 0.25 percent of each loan's face value to pay for operations, but could not charge it on direct loans to individuals unless the agency certifies and analyzes the impact on borrowers.

Full text and official record on Congress.gov

Sponsors

• Brad Finstad Republican sponsor
• 1 cosponsors