,,ii  #aaith ,,congress  #b;d ,session  
,s4 #chhi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #ab1 
#bjbf,mr4 ,moreno introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,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             
institutions1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,american ,lending ,fairness    
,act of #bjbf4  #b4 ,interest rate      
applicable to out-of-,state chartered   
financial institutions  7a7 ,insured    
depository institutions ,section #bg of 
the ,federal ,deposit ,insurance ,act   
7#ab ,u4,s4,c4 #ahca;d7 is amended by   
adding at the end the following3  7c7   
,if a ,state adopts a law or certifies  
that the voters of the ,state have voted

 in favor of any provision1             
constitutional or otherwise1 that states
 explicitly and by its terms that the   
,state does not want this subsection to 
apply with respect to loans made by     
institutions chartered by that ,state1  
subsection 7a7 shall not apply to loans 
made by 7or for which a commitment to   
make such loan was entered into by7 such
 institutions after the date on which   
that law is adopted or such             
certification is made4  4  7b7 ,insured 
credit unions ,section #bje7;g7 of the  
,federal ,credit ,union ,act 7#ab       
,u4,s4,c4 #aghe7;g77 is amended by      
adding at the end the following3  7#c7  
,if a ,state adopts a law or certifies  
that the voters of the ,state have voted
 in favor of any provision1             
constitutional or otherwise1 that states
 explicitly and by its terms that the   
,state does not want this subsection to 
apply with respect to loans made by     
institutions chartered by that ,state1  
paragraph 7#a7 shall not apply to loans 

made by 7or for which a commitment to   
make such loan was entered into by7 such
 institutions after the date on which   
that law is adopted or such             
certification is made4  4  7c7 ,repeal  
7#a7 ,in general ,section #ebe of the   
,depository ,institutions ,deregulation 
and ,monetary ,control ,act of #aihj    
7#ab ,u4,s4,c4 #agcj;g note7 is hereby  
repealed4  7#b7 ,application ,the       
amendments made by subsections 7a7 and  
7b7 shall apply with respect to1 and    
govern the legal effect of1 any ,state  
law adopted or certification made       
pursuant to section #ebe of the         
,depository ,institutions ,deregulation 
and ,monetary ,control ,act of #aihj    
7#ab ,u4,s4,c4 #agcj;g note7 before the 
date of enactment of this ,act4