3.0.0 2919 2022-10-28T02:00:26Z 2022-10-28T02:00:26Z Senate S 2019-11-20 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-11-20T22:17:42Z Shutdown Guidance for Financial Institutions Act 116 2290 HR 2019-09-23 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2019-11-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-11-20 Introduced in Senate IntroReferral 10000 9 Library of Congress V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD N 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 2019-11-20 Introduced in Senate 2020-05-27T13:34:00Z 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.

]]> Shutdown Guidance for Financial Institutions Act Display Title Shutdown Guidance for Financial Institutions Act Short Title(s) as Introduced Shutdown Guidance for Financial Institutions Act Introduced in Senate IS Official Title as Introduced A bill 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. Introduced in Senate IS Introduced in Senate 2019-11-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2919is/xml/BILLS-116s2919is.xml 2019-11-20 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.