Bernie Moreno (R-OH)
American Lending Fairness Act of 2026
A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The American Lending Fairness Act of 2026 aims to restore and clarify Federal interest rate exportation parity for State-chartered banks. This bill allows States to opt out of certain preemption rules specifically regarding loans made by their own chartered institutions. States can do this by adopting a law or through voter certification. This process applies to both insured depository institutions and insured credit unions. Finally, the act includes a repeal of Section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980.
Yes· 3 of 6
- Scored +5
Does this leave more decisions to the states?
The bill explicitly allows states to opt out of certain federal interest rate exportation rules.
- Scored +3
Would business owners be better off under this?
Provides more local control for state-chartered financial institutions.
- Scored +3
Does this make it easier to run a small business?
This bill empowers state-chartered institutions to operate more closely within state-specific regulatory frameworks.
The opposite
- Scored -3
Does this give the federal government more power?
This bill decreases federal preemption power in favor of state sovereignty.
Who it would affect, and how
Potential Positive Impacts for People
-
State Autonomy Over Local Loans: States can opt out of certain preemption rules if they adopt a law or if voters certify their preference regarding loans made by institutions chartered by that State (Section 2(a) and Section 2(b)).
-
Direct Voter Involvement: The bill allows for the possibility of voters directly deciding on these provisions through certification (Section 2(a) and Section 2(b)).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Provides more local control for state-chartered financial institutions. Would households on low incomes be better off under this? — States could use this power to cap interest rates for local borrowers. Would middle-income households be better off under this? — The impact on middle-class consumers depends on state-level implementation of interest rate laws.
- Economy And Finance
- Does this give people more protection from unfair business practices? — By allowing states to opt out of federal preemption, states may implement more rigorous local consumer interest rate protections. Does this make it easier to run a small business? — This bill empowers state-chartered institutions to operate more closely within state-specific regulatory frameworks.
- Governance And Ideology
- Does this leave more decisions to the states? — The bill explicitly allows states to opt out of certain federal interest rate exportation rules. Does this give the federal government more power? — This bill decreases federal preemption power in favor of state sovereignty.
- 9/29/2026
- 1 Cosponsor added.
- 2/12/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mike LeeRepublican · Utah