Federal Loan Systems Modernization Act of 2026

This bill would create "Lending.gov," a single online platform run by a lead federal agency for applying for and managing loans offered by federal agencies. The General Services Administration would have 6 months to submit a plan for the platform, and agencies running federal loan programs would have to move their loan management systems onto it within 3 years unless the Office of Management and Budget grants an exception of up to 3 years. The platform operator would survey agency program managers each year and publish the results. It could charge a fee of up to 0.25 percent of each loan's face value to pay for operations, but not on direct loans to individuals unless the agency head certifies the fee will not materially harm borrowers.

Full text and official record on Congress.gov

Sponsors

• Marsha Blackburn Republican sponsor
• 1 cosponsors