IV 

113TH CONGRESS 

1ST SESSION H. CON. RES. 60 

Expressing the sense of Congress that financial institutions should work 

proactively with their customers affected by the shutdown of the Federal 

Government who may be facing short-term financial hardship and longterm damage to their creditworthiness through no fault of their own. 

IN THE HOUSE OF REPRESENTATIVES 

OCTOBER 11, 2013 

Ms. WATERS (for herself, Mr. HOYER, Mr. VAN HOLLEN, Mr. MORAN, Ms. 

EDWARDS, Mr. CONNOLLY, Ms. NORTON, Mrs. CAROLYN B. MALONEY

of New York, Mr. WATT, Mr. SHERMAN, Mr. MEEKS, Mr. CAPUANO, Mr. 

HINOJOSA, Mr. CLAY, Mr. LYNCH, Mr. DAVID SCOTT of Georgia, Mr. AL

GREEN of Texas, Mr. CLEAVER, Ms. MOORE, Mr. ELLISON, Mr. PERLMUTTER, Mr. HIMES, Mr. CARNEY, Ms. SEWELL of Alabama, Mr. FOSTER, Mr. KILDEE, Mr. MURPHY of Florida, Mr. DELANEY, Mrs. BEATTY, 

and Mr. HECK of Washington) submitted the following concurrent resolution; which was referred to the Committee on Financial Services, and in 

addition to the Committee on Oversight and Government Reform, for a 

period to be subsequently determined by the Speaker, in each case for 

consideration of such provisions as fall within the jurisdiction of the committee concerned 

CONCURRENT RESOLUTION 

Expressing the sense of Congress that financial institutions 

should work proactively with their customers affected 

by the shutdown of the Federal Government who may 

be facing short-term financial hardship and long-term 

damage to their creditworthiness through no fault of 

their own. 


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1 Resolved by the House of Representatives (the Senate 

2 concurring), That it is the sense of Congress that— 

3 (1) financial institutions should work with their 

4 customers affected by the shutdown of the Federal 

5 Government that began on October 1, 2013; 

6 (2) individuals affected by the shutdown who 

7 are or will be facing financial distress should contact 

8 their lenders to alert them of their situation imme9 diately; 

10 (3) affected customers may face financial hard11 ship in making timely payments on their debts, such 

12 as mortgages, student loans, car loans, credit cards, 

13 and other debt due to the temporary delay or perma14 nent loss of their salaries; 

15 (4) financial institutions should consider tempo16 rarily waiving or reducing penalty, late payment, 

17 and similar fees in order to provide quick relief to 

18 their affected customers; 

19 (5) affected employees of the Federal Govern20 ment may be experiencing financial stress through 

21 no fault of their own and their creditworthiness 

22 should not be impaired because of the shutdown; 

23 (6) prudent workout arrangements that are 

24 consistent with safe and sound lending practices are 


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1 generally in the long-term best interest of the finan2 cial institution, the borrower, and the economy; 

3 (7) financial institutions should work proactive4 ly to identify their customers who have been affected 

5 and adopt flexible, prudent arrangements to help 

6 such customers meet their debt obligations; 

7 (8) prudent efforts to adopt flexible workout ar8 rangements for affected employees and their families 

9 should not be subject to examiner criticism or nega10 tive examinations; and 

11 (9) employees furloughed due to the shutdown 

12 of the Federal Government should be compensated 

13 at their standard rate of compensation for the period 

14 beginning October 1, 2013, through the date on 

15 which the lapse in appropriations ends, consistent 

16 with the principle adopted by the House when it 

17 passed the bill, H.R. 3223 on October 5, 2013, by 

18 a vote of 407–0. 

Æ 


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