U.S. Congress legislation · 119th Congress
HB7866: American Lending Fairness Act of 2026
Status: In committee, September 16, 2026
To restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks by allowing States to opt out of preemption only with respect to loans made by their own chartered institutions, and for other purposes.
What the bill says
To restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks by allowing States to opt out of preemption only with respect to loans made by their own chartered institutions, and for other purposes.
From the introduced text, March 9, 2026:
A BILL To restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks by allowing States to opt out of preemption only with respect to loans made by their own chartered institutions, and for other purposes. SECTION 1. Short title This Act may be cited as the American Lending Fairness Act of 2026 . SECTION 2. Interest rate applicable to out-of-State chartered financial institutions (a) Insured depository institutions Section 27 of the Federal Deposit Insurance Act ( 12 U.S.C. 1831d ) is amended by adding at the end the following: (c) If a State adopts a law or certifies that the voters of the State have voted in favor of any provision, constitutional or otherwise, that states explicitly and by its terms that the State does not want this subsection to apply with respect to loans made by institutions chartered by that State, subsection (a) shall not apply to loans made by (or for which a commitment to make such loan was entered into by) such institutions after the date on which that law is adopted or such certification is made. . (b) Insured credit unions Section 205(g) of the Federal Credit Union Act ( 12 U.S.C. 1785(g) ) is amended by adding at the end the following: (3) If a State adopts a law …
Sponsors
- Warren Davidson (R, HD-008) · primary sponsor
- Garland Barr (R, HD-KY-6)
- Steven Horsford (D, HD-004)
- Sarah McBride (D, HD-000)
- Vicente Gonzalez (D, HD-034)
- Young Kim (R, HD-CA-40)
- Josh Gottheimer (D, HD-005)
- Scott Fitzgerald (R, HD-005)
Latest actions
- : Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 18.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Financial services and investments, State and local government operations, Finance and Financial Sector, Interest, dividends, interest rates
Common questions
- What is HB7866?
- HB7866 is a bill in Congress (119th Congress): American Lending Fairness Act of 2026.
- What does HB7866 do?
- In its own words: To restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks by allowing States to opt out of preemption only with respect to loans made by their own chartered institutions, and for other purposes.
- What is the status of HB7866?
- In committee as of September 16, 2026. Latest action: Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 18. (September 16, 2026).
- Who sponsored HB7866?
- Warren Davidson (R, HD-008), with 7 co-sponsors.
- Where is the official record for HB7866?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/7866
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.