Shutdown Guidance for Financial Institutions Act

Bill: 116-hr-2290
Sponsor: Rep. Wexton, Jennifer [D-VA-10]
Introduced: 2019-04-10 in the House
Policy area: Finance and Financial Sector
Subjects: 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

Summary:
action_date: 2019-04-10
text: 

Shutdown Guidance for Financial Institutions Act 

 
This bill directs financial regulators&#8212;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&#8212;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. 

action_date: 2019-09-19
text: 

Shutdown Guidance for Financial Institutions Act 

 
This bill directs financial regulators&#8212;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&#8212;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. 


Legislative actions:
action_date: 2019-09-23
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2019-09-19
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2019-09-19
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7805-7806)
action_date: 2019-09-19
text: 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)
action_date: 2019-09-19
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 2290.
action_date: 2019-09-19
text: Considered under suspension of the rules. (consideration: CR H7805-7807)
action_date: 2019-09-19
text: Ms. Waters moved to suspend the rules and pass the bill, as amended.
action_date: 2019-04-10
text: Referred to the House Committee on Financial Services.
action_date: 2019-04-10
text: Introduced in House
action_date: 2019-04-10
text: Introduced in House