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Bill116th CongressFiled Apr 10, 2019Finance and Financial Sector
H.R. 2290

Shutdown Guidance for Financial Institutions Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Sep 19, 2019)

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.

What just happenedSep 23, 2019

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Wexton, Jennifer [D-VA-10](D-VA)Sponsor
Read on Congress.gov
2committees10actions1related bills9subjects
  1. Sep 23, 2019IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Sep 19, 2019FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 19, 2019FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7805-7806)

  4. Sep 19, 2019Floor8000

    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)

  5. Sep 19, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2290.

  6. Sep 19, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H7805-7807)

  7. Sep 19, 2019FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  8. Apr 10, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  9. Apr 10, 2019IntroReferralIntro-H

    Introduced in House

  10. Apr 10, 2019IntroReferral1000

    Introduced in House

Passed HouseSep 19, 201953

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.

Introduced in HouseApr 10, 2019

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.

Shutdown Guidance for Financial Institutions Act — Informed