Federal Loan Systems Modernization Act of 2026

Senate Bill

S. 3980

119th Congress

Federal Loan Systems Modernization Act of 2026

In Committee

Introduced:Mar 4, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would create a new website called Lending.gov that would serve as a single online location where people and businesses can access loans from all federal agencies. The platform would use modern technology to make federal loan programs easier to manage, faster to process, and more transparent while reducing costs and preventing fraud.

Latest Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Introduced3/4/2026

StatusRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

ChamberSenate

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Vote Prediction

Federal Loan Systems Modernization Act of 2026

This bill would create a new website called Lending.gov that would serve as a single online location where people and businesses can access loans from all federal agencies. The platform would use modern technology to make federal loan programs easier to manage

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would create a new website called Lending.gov that would serve as a single online location where people and businesses can access loans from all federal agencies. The platform would use modern technology to make federal loan programs easier to manage, faster to process, and more transparent while reducing costs and preventing fraud.

Bill Number: 3980
Introduced: 3/4/2026
Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Federal Loan Systems Modernization Act of 2026
Bill Number: 3980
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced: 3/4/2026
Summary: This bill would create a new website called Lending.gov that would serve as a single online location where people and businesses can access loans from all federal agencies. The platform would use modern technology to make federal loan programs easier to manage, faster to process, and more transparen

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would create a new website called Lending.gov that would serve as a single online location where people and businesses can access loans from all federal agencies. The platform would use modern technology to make federal loan programs easier to manage, faster to process, and more transparent while reducing costs and preventing fraud.

Last updated: 3/6/2026

Key Points

Main provisions of the bill

The bill authorizes the creation of Lending.gov as a centralized platform for all federal loan programs across different agencies.
The platform would use modern technology to improve how federal credit programs are managed and delivered.
The system aims to reduce costs, speed up loan processing, and make it easier for borrowers to find and apply for federal loans.
The bill includes goals to prevent fraud and increase transparency in federal lending programs.
The platform would improve the customer experience by providing a single access point instead of requiring people to navigate multiple agency websites.

How This Impacts Americans

Potential effects on citizens and communities

This bill would affect anyone who applies for federal loans, including small businesses, students, farmers, disaster victims, and homeowners who use programs from agencies like the Small Business Administration or Department of Agriculture. It would also impact federal agencies that manage loan programs by requiring them to use shared technology systems. The centralized platform could make it easier and faster for eligible borrowers to find and receive federal loans while potentially reducing administrative costs for the government.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3980, 119th Congress (2026). "Federal Loan Systems Modernization Act of 2026". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3980

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