HOUSE 2290116th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Shutdown Guidance for Financial Institutions Act

Last Action: 9/23/2019

Actions

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

CRS Summary

As of 2019-09-19 (53)

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.

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

Read on Congress.gov

Sourced from Congress.gov (public domain).

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