Shutdown Guidance for Financial Institutions Act

3.0.0 2290 2022-11-01T19:47:20Z 2022-11-01T19:47:20Z House HR 2019-04-10 116 [Congressional Record Volume 165, Number 62 (Wednesday, April 10, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WEXTON:H.R. 2290.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H3259]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-09-23T19:59:48Z hsba00 Financial Services Committee House Standing Referred to 2019-04-10T13:03:35Z Shutdown Guidance for Financial Institutions Act 116 2919 S 2019-11-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2019-09-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-09-19 16:53:16 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2019-09-19 16:53:14 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7805-7806) Floor H37300 2 House floor actions 2019-09-19 16:53:14 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7805-7806) Floor 8000 9 Library of Congress 2019-09-19 16:39:24 DEBATE - The House proceeded with forty minutes of debate on H.R. 2290. Floor H8D000 2 House floor actions 2019-09-19 16:39:20 Considered under suspension of the rules. (consideration: CR H7805-7807) Floor H30000 2 House floor actions 2019-09-19 16:38:49 Ms. Waters moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2019-04-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-04-10 Introduced in House IntroReferral 1000 9 Library of Congress W000825 Rep. Wexton, Jennifer [D-VA-10] Jennifer Wexton D VA 10 N 2019-09-18T19:25:00Z Statutory Pay-As-You-Go Effects of H.R. 2290, the Shutdown Guidance for Financial Institutions Act https://www.cbo.gov/publication/55639 As posted on the website of the House Majority Leader on September 13, 2019 Finance and Financial Sector Administrative law and regulatory procedures Appropriations Banking and financial institutions regulation Congressional oversight Consumer affairs Consumer credit Credit and credit markets Government employee pay, benefits, personnel management Government information and archives Finance and Financial Sector

00 2019-04-10 Introduced in House 2020-05-08T20:16:20Z Shutdown Guidance for Financial Institutions Act

This bill directs financial regulators—including the Federal Reserve Board, the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration—to issue guidance relating to a government shutdown. Among other things, financial regulators must issue guidance encouraging financial institutions

to modify loan terms and to extend credit to consumers and businesses affected by a shutdown, and
to take steps to prevent the reporting of adverse credit information related to a shutdown.

Financial regulators must also notify the public of this guidance in the event of a government shutdown, and complete a report after a government shutdown regarding the guidance's effectiveness.

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53 2019-09-19 Passed House 2020-05-19T17:44:25Z Shutdown Guidance for Financial Institutions Act

to modify loan terms and to extend credit to consumers and businesses affected by a shutdown, and
to take steps to prevent the reporting of adverse credit information related to a shutdown.

Financial regulators must also notify the public of this guidance in the event of a government shutdown, and complete a report after a government shutdown regarding the guidance's effectiveness.

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Shutdown Guidance for Financial Institutions Act Display Title Shutdown Guidance for Financial Institutions Act Short Title(s) as Passed House Shutdown Guidance for Financial Institutions Act H House Engrossed in House EH Official Title as Introduced To require the Federal financial regulators to issue guidance encouraging financial institutions to work with consumers and businesses affected by a Federal Government shutdown, and for other purposes. Engrossed in House EH Short Titles as Passed House Shutdown Guidance for Financial Institutions Act H House Short Title(s) as Introduced Shutdown Guidance for Financial Institutions Act Introduced in House IH Referred in Senate 2019-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2290rfs/xml/BILLS-116hr2290rfs.xml Engrossed in House 2019-09-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2290eh/xml/BILLS-116hr2290eh.xml Introduced in House 2019-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2290ih/xml/BILLS-116hr2290ih.xml 2019-09-23 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.