Lets a state exclude loans made by its own chartered banks and credit unions from federal interest rate exportation rules, and repeals the 1980 provision that previously governed state opt-outs.

Official title: American Lending Fairness Act of 2026

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 09-MAR-2026

Referred 09-MAR-2026

Approved by committee 16-SEP-2026

Key points

Amends Section 27 of the Federal Deposit Insurance Act and Section 205(g) of the Federal Credit Union Act to let a state opt out for loans made by institutions chartered by that state, by adopting a law or certifying voter approval of a provision stating so.
Applies an opt-out only to loans made, or committed to, after the date the state law is adopted or the certification is made.
Repeals Section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980, and applies the new language to any state opt-out made under that section before enactment.

AI-generated from the Introduced in House text of 09-MAR-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Policy area

Finance and Financial Sector

Sponsor Warren Davidson (R-OH) Cosponsors · 7

■ 4 D■ 3 R

4 Democrats

3 Republicans

congress.gov page Introduced in House (09-MAR-2026)