I 
119TH CONGRESS 
1ST SESSION H. R. 5689 
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. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 3, 2025 
Mr. SUBRAMANYAM (for himself, Mr. BEYER, Mr. HORSFORD, Mr. LIEU, Mrs. 
MCCLAIN DELANEY, Ms. MCCLELLAN, Ms. NORTON, Mr. RASKIN, and 
Mr. WALKINSHAW) introduced the following bill; which was referred to 
the Committee on Financial Services, and in addition to the Committee 
on the Budget, for a period to be subsequently determined by the Speak-
er, in each case for consideration of such provisions as fall within the ju-
risdiction of the committee concerned 
A BILL 
To require the Federal financial regulators to issue guidance 
encouraging financial institutions to work with con-
sumers and businesses affected by a Federal Government 
shutdown, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Shutdown Guidance 
for Financial Institutions Act’’. 
VerDate Sep 11 2014 
00:49 Oct 10, 2025
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5689.IH
H5689
kjohnson on DSK7ZCZBW3PROD with $$_JOB
SEC. 2. SHUTDOWN GUIDANCE FOR FINANCIAL INSTITU-
TIONS. 
(a) GUIDANCE.—Not later than the end of the 180- 
day period beginning on the date of enactment of this Act, 
the Federal financial regulators shall, jointly, in consulta-
tion with State banking regulators and other appropriate 
Federal and State agencies, issue shutdown guidance to 
the financial institutions they regulate encouraging the fi-
nancial institutions to— 
(1) work with consumers and businesses af-
fected by a shutdown; 
(2) recognize that consumers and businesses af-
fected by a shutdown may lose access to credit and 
face temporary hardship in making payments on 
debts such as mortgages, student loans, car loans, 
business loans, or credit cards; 
(3) consider prudent efforts to modify terms on 
existing loans or extend new credit to help con-
sumers and businesses affected by a shutdown, con-
sistent with safe-and-sound lending practices; and 
(4) take steps to prevent adverse information 
being reported in a manner that harms consumers 
affected by a shutdown, including by preventing 
modified credit arrangements intended to help con-
sumers fulfill their financial obligations from being 
reported to, and coded by, consumer reporting agen-
VerDate Sep 11 2014 
00:49 Oct 10, 2025
Jkt 069200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5689.IH
H5689
kjohnson on DSK7ZCZBW3PROD with $$_JOB
cies on a consumer’s credit report in a manner that 
hurts the creditworthiness of the consumer. 
(b) NOTICE OF GUIDANCE DURING A SHUTDOWN.— 
Not later than the end of the 24-hour period beginning 
at the start of a shutdown, the Federal financial regu-
lators shall, jointly, issue a press release to alert financial 
institutions, consumers, and businesses to the existence, 
and content, of the guidance issued pursuant to subsection 
(a). 
(c) POST-SHUTDOWN REPORT TO CONGRESS AND 
UPDATED GUIDANCE.— 
(1) IN GENERAL.—Not later than the end of 
the 90-day period beginning on the date a shutdown 
ends, the Federal financial regulators shall, jointly, 
issue a report to Congress containing an analysis of 
the effectiveness of the guidance issued pursuant to 
subsection (a). 
(2) UPDATED GUIDANCE.—Not later than the 
end of the 180-day period beginning on the date a 
report is issued under paragraph (1), the Federal fi-
nancial regulators shall update the guidance re-
quired under subsection (a) if any shortcomings are 
identified in such report. 
(d) DEFINITIONS.—In this section: 
VerDate Sep 11 2014 
00:49 Oct 10, 2025
Jkt 069200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5689.IH
H5689
kjohnson on DSK7ZCZBW3PROD with $$_JOB
(1) CONSUMERS AFFECTED BY A SHUTDOWN.— 
The term ‘‘consumers affected by a shutdown’’ 
means an individual who is an employee of— 
(A) the Federal Government, and who is 
furloughed or excepted from a furlough during 
the shutdown; 
(B) the District of Columbia, and who is 
not receiving pay because of the shutdown; or 
(C) a Federal contractor (as defined under 
section 7101 of title 41, United States Code) or 
other business, and who has experienced a sub-
stantial reduction in pay due to the shutdown. 
(2) CONSUMERS
AND
BUSINESSES
AFFECTED 
BY A SHUTDOWN.—The term ‘‘consumers and busi-
nesses affected by a shutdown’’ means— 
(A) a consumer affected by a shutdown; 
and 
(B) a Federal contractor (as defined under 
section 7101 of title 41, United States Code) or 
other business that has experienced a substan-
tial reduction in income due to the shutdown. 
(3) FEDERAL
FINANCIAL
REGULATORS.—The 
term ‘‘Federal financial regulators’’ means the 
Board of Governors of the Federal Reserve System, 
the Bureau of Consumer Financial Protection, the 
VerDate Sep 11 2014 
00:49 Oct 10, 2025
Jkt 069200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H5689.IH
H5689
kjohnson on DSK7ZCZBW3PROD with $$_JOB
Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, and the National Credit 
Union Administration. 
(4) SHUTDOWN.—The term ‘‘shutdown’’ means 
any period in which there is more than a 24-hour 
lapse in appropriations as a result of a failure to 
enact a regular appropriations bill or continuing res-
olution. 
SEC. 3. DETERMINATION OF BUDGETARY EFFECTS. 
The budgetary effects of this Act, for the purpose of 
complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement 
titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this 
Act, submitted for printing in the Congressional Record 
by the Chairman of the House Budget Committee, pro-
vided that such statement has been submitted prior to the 
vote on passage. 
Æ 
VerDate Sep 11 2014 
00:49 Oct 10, 2025
Jkt 069200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6301
E:\BILLS\H5689.IH
H5689
kjohnson on DSK7ZCZBW3PROD with $$_JOB