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American Lending Fairness Act of 2026

3/2/2026, 3:25 PM

Summary of Bill S 3889

The bill introduced in the 119th Congress with designation S. 3889 on February 12, 2026, aims to restore and clarify the Federal interest rate exportation parity for State-chartered banks. It proposes to allow States the option to opt out of preemption exclusively concerning loans issued by their own chartered institutions, along with other related purposes.

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Current Status of Bill S 3889

Bill S 3889 is currently in the status of Bill Introduced since February 12, 2026. Bill S 3889 was introduced during Congress 119 and was introduced to the Senate on February 12, 2026.  Bill S 3889's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 12, 2026

Bipartisan Support of Bill S 3889

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3889

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3889

American Lending Fairness Act of 2026
American Lending Fairness Act of 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.

Comments

Sponsors and Cosponsors of S 3889

Bernie Moreno
Bernie Moreno
OhioIndependent

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