Federal Loan Systems Modernization Act of 2026

This bill authorizes the creation of Lending.gov, a centralized online platform designed to streamline access to loans offered by various federal agencies. It requires agencies to migrate their loan management systems to this shared platform within three years, aiming to reduce costs, prevent fraud, and improve the speed and transparency of federal lending. The platform will be operated by a designated provider using modern commercial technology, with oversight from the General Services Administration and performance monitoring through regular surveys and public reporting.