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American Lending Fairness Act of 2026

This bill allows states to set their own interest rate limits for loans made by banks and credit unions chartered within that state. It aims to give local governments more power to protect residents from high interest rates.
Key points
States can opt out of federal interest rate rules for their own chartered financial institutions.
Changes can be made through state law or by a direct vote of the citizens.
The new rules apply to loans made after the state adopts its own interest rate limits.
It clarifies and restores the ability of states to control loan costs for their residents.
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Status: Introduced
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Additional Information
Print number: 119_S_3889
Sponsor: Sen. Moreno, Bernie [R-OH]
Process start date: 2026-02-12
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

American Lending Fairness Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3889.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-02-12.

What are the main provisions?

Key points include:

  • States can opt out of federal interest rate rules for their own chartered financial institutions.
  • Changes can be made through state law or by a direct vote of the citizens.
  • The new rules apply to loans made after the state adopts its own interest rate limits.
  • It clarifies and restores the ability of states to control loan costs for their residents.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Moreno, Bernie [R-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-02-27.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law