What does Preamble of American Lending Fairness Act of 2026 do?

This bill aims to restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks. It proposes allowing States to opt out of preemption only with respect to loans made by their own chartered institutions.

What does SHORT TITLE. of American Lending Fairness Act of 2026 do?

This bill is formally titled the American Lending Fairness Act of 2026.

What does INTEREST RATE APPLICABLE TO OUT-OF-STATE CHARTERED FINANCIAL of American Lending Fairness Act of 2026 do?

This section amends the Federal Deposit Insurance Act and the Federal Credit Union Act to allow states to opt-out of certain interest rate regulations. If a state adopts a law or certifies voter approval explicitly stating it does not want a subsection to apply to loans made by state-chartered institutions, the subsection will not apply to those loans after the law's adoption or certification. Section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980 is repealed. The amendments made by subsections (a) and (b) govern any state laws adopted or certifications made before the enactment of this Act, related to section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980.

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American Lending Fairness Act of 2026

Last updated: 3/9/2026 · Introduced: 3/9/2026

Author: Warren Davidson (R-OH)

TL;DR (AI)

This bill allows states to regulate interest rates on loans made by their own state-chartered banks and credit unions, opting out of federal interest rate regulations.
The bill repeals a specific provision of the Depository Institutions Deregulation and Monetary Control Act of 1980 related to interest rate exportation.
States can enact laws or obtain voter approval to exclude their state-chartered institutions from specific federal interest rate regulations.

119th Congressin committeeS. 3889(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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