H.R. 7866 · In committee · Finance and Financial Sector

American Lending Fairness Act of 2026

What it does

Allows States to opt out of federal interest rate exportation preemption by adopting a law or voter-approved measure explicitly stating they do not want the preemption to apply to loans made by their own state-chartered depository institutions.
Allows States to opt out of federal interest rate exportation preemption by adopting a law or voter-approved measure explicitly stating they do not want the preemption to apply to loans made by their own state-chartered credit unions.
Repeals Section 525 of the Depository Institutions Deregulation and Monetary Control Act of 1980 and makes the opt-out amendments retroactively applicable to any state law or certification adopted before the effective date.

Sep 16, 2026: Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 18.

Committee: House Financial Services