American Lending Fairness Act of 2026

This bill changes how states can opt out of a federal rule that lets state-chartered banks and credit unions charge interest rates allowed in their home state when lending to people in other states. Under the bill, a state could opt out only for loans made by banks and credit unions chartered by that same state. A state would opt out by passing a law or certifying a voter-approved measure saying so. The bill repeals the 1980 provision that currently lets states opt out, and any existing state opt-outs would be treated under the new, narrower rule.

Full text and official record on Congress.gov

Sponsors

• Bernie Moreno Republican sponsor
• 1 cosponsors