Federal Legislation
Industrial banking legislation under consideration in the 119th U.S. Congress
Legislation Under Consideration
American Lending Fairness Act of 2026
Congress is considering legislation – the American Lending Fairness Act of 2026 – sponsored in the Senate by Sen. Bernie Moreno (OH) and in the House by Representatives Warren Davidson (OH) and Andy Barr (KY). This law would put an end to novel interpretations of DIDMCA’s opt-out provision and reaffirm Congress’s original intent: preserving interstate banking while protecting consumers, competition, and the dual banking system.
Press Release with Supporting Organizations, Sen. Bernie Moreno (OH)
One Sheet on American Lending Fairness Act, Sen. Bernie Moreno (OH)
Legislation Under Consideration
S.3734: A bill to address applications for deposit insurance submitted by industrial banks to the Federal Deposit Insurance Corporation
We urge Congress to reject this unnecessary legislation that would only hurt consumers and undermine competition in the banking sector. Industrial banks are one of America's most reliable engines of jobs, consumer and small-business loans, payments, and community support. They are banks like any other, fully regulated, with the same rigorous standards for capital, liquidity, and governance.