S 3980·Federal·senate
Federal Loan Systems Modernization Act of 2026
In CommitteeFiled Mar 4, 2026
Sponsor: Sen. Blackburn, Marsha [R-TN] (R)
Latest Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Mar 4, 2026
Summary
The bill would set up a shared‑services platform called Lending.gov where borrowers can apply for any federal loan through one online portal. The General Services Administration would lead the effort, and a designated provider would run and support the system for all participating agencies. It aims to lower costs, speed up processing, curb fraud, and make loan information more transparent.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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