To 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, in order to reduce costs, prevent fraud, increase the speed of origination, improve transparency, improve access and customer experience, and for other purposes.

# Summary of HR 7789 - Lending.gov Platform Bill **What It Would Do** This bill would create a new federal website called "Lending.gov" that would serve as a centralized hub for accessing loans offered by various federal agencies. Currently, federal loan programs are scattered across different agencies with separate applications and systems. The bill aims to consolidate these into one platform with modern technology to make it easier for borrowers to find and apply for federal loans. **Who It Affects and Key Benefits** The bill would affect anyone seeking federal loans, including small businesses, farmers, students, homeowners, and other borrowers who access programs through agencies like the Department of Agriculture, Small Business Administration, or Department of Education.

According to the bill's stated goals, consolidating these programs would reduce costs for taxpayers, speed up loan approval processes, decrease fraud, increase transparency about available loan options, and improve the overall customer experience. **Current Status** HR 7789 was introduced by Representative Brad Finstad (R-Minnesota) and is currently under review in a House committee. The bill has not yet advanced to a floor vote in Congress. No substantive changes or amendments have been reported at this time.