Title: Federal Workers Banking Assistance Act
Policy area: Finance and Financial Sector

Summary:
Federal Workers Banking Assistance Act
This bill provides additional criteria a federal financial supervisory agency may consider in its evaluation of a financial institution's community investment. Specifically, a financial institution's assistance to certain individuals affected by a federal government shutdown may be considered as part of such evaluation.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 800 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 800

 To amend the Community Reinvestment Act of 1977 to provide financial 
  institutions with credit for providing assistance during Government 
                               shutdowns.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 25, 2019

Mr. Meeks (for himself, Ms. Norton, Ms. Kelly of Illinois, Ms. Jackson 
 Lee, Mr. Langevin, Mr. Ryan, Mr. Brown of Maryland, Mr. Vargas, Mrs. 
    Watson Coleman, Mr. Green of Texas, Ms. Wasserman Schultz, Mr. 
 DeSaulnier, Ms. DeLauro, Mr. Sires, Mr. Quigley, and Mr. Perlmutter) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Community Reinvestment Act of 1977 to provide financial 
  institutions with credit for providing assistance during Government 
                               shutdowns.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Workers Banking Assistance 
Act''.

SEC. 2. CRA CREDIT FOR PROVIDING ASSISTANCE DURING GOVERNMENT 
              SHUTDOWNS.

    Section 804 of the Community Reinvestment Act of 1977 (12 U.S.C. 
2903) is amended by adding at the end the following:
    ``(e) Assistance During Government Shutdowns.--
            ``(1) In general.--In assessing and taking into account, 
        under subsection (a), the record of a financial institution, 
        the appropriate Federal financial supervisory agency shall 
        consider, as a factor, efforts of the financial institution to 
        modify terms on existing loans, extend new loans with low- to 
        no-interest rates, or the waiving of fees to help covered 
        employees, if such modification or extension is done in a safe 
        and sound manner.
            ``(2) Guidance.--The appropriate Federal financial 
        supervisory agencies shall issue guidance with respect to this 
        subsection not later than the end of the 7-day period 
        following--
                    ``(A) the date of enactment of this subsection; and
                    ``(B) any lapse in Federal appropriations.
            ``(3) Covered employee.--For purposes of this subsection, 
        the term `covered employee' means--
                    ``(A) a Federal or District of Columbia employee 
                furloughed or excepted from such furlough during any 
                lapse in Federal appropriations; and
                    ``(B) a Federal contractor who, during any lapse in 
                Federal appropriations, is not receiving pay by reason 
                of such lapse.''.
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