Skip to content
Govbase
Govbase
Congress·In Committee·S. 3980

Sen. Blackburn and Sen. Hassan Push Bill to Create Lending.gov for All Federal Loans

Federal Loan Systems Modernization Act of 2026

15 days ago·View on Congress.gov

Legislative Progress

Senate
House
President
Law

Key Points

  • This bill creates a new centralized website called Lending.gov where people can apply for and manage loans from different federal agencies in one place, replacing today's fragmented systems spread across dozens of agencies.

    From policy text

    “authorize the creation of ``Lending.gov'' as a shared services platform to provide a single source of access to loans provided by Federal agencies, and modern technology to support effective management of Federal credit programs”
    View in full text
  • Nearly all federal loan programs would be required to move onto the new platform within three years, covering any program that issues more than 50 loans a year or handles more than $10 million in total lending.

    From policy text

    “each agency that administers a Federal loan program shall complete migration of its loan management systems to the Platform established under section 4, unless granted an exception by the Director”
    View in full text
  • The system would use modern commercial software to speed up applications, catch fraud, and improve customer service — replacing the outdated technology many agencies currently rely on.

    From policy text

    “address the inefficiencies caused by using outdated and fragmented technology to manage multiple Federal lending processes and Federal lending programs across agencies and mitigate consumer difficulties accessing Federal loan programs by incorporating commercially available technology”
    View in full text
  • To fund ongoing operations, the platform can charge a small fee of up to 0.25% on the face value of each loan, but individual borrowers get extra protection — the fee can't be passed to them unless an agency certifies it won't hurt affordability or access.

    From policy text

    “A remittance fee under paragraph (1) shall not be assessed with respect to any direct loan made to an individual borrower unless the head of the agency administering the applicable Federal loan program submit to the Director a certification”
    View in full text
  • The General Services Administration oversees the project and must conduct annual satisfaction surveys of agency staff. If performance falls below set thresholds, the provider must create and implement a fix-it plan within 60 days.
Economy FinanceTechnology Digital

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions
Mar 4, 2026Senate

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

Mar 4, 2026

Introduced in Senate

What Happens Next

Projected impacts based on AI analysis

6 months after enactment

GSA submits a plan to Congress and OMB for building the Lending.gov platform

This is the design phase — no changes for borrowers yet, but it sets the blueprint for which agencies and loan programs will be included first.

Source Information

Document Type

Congressional Bill

Official Title

Federal Loan Systems Modernization Act of 2026

Bill NumberS 3980
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsor

Cosponsors

(1)
D: 1

Analysis generated by AI. Always verify with official sources.