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.

The bill, designated as H.R. 7866 in the 119th Congress, aims to restore and clarify the Federal interest rate exportation parity for State-chartered banks by permitting States to opt out of preemption solely for loans issued by their own chartered institutions.