Bill · H.R. 5689· House(119-HR-5689)

Shutdown Guidance for Financial Institutions Act

Age: 40 years

Virginia

Introduced: 10/3/2025
Last activity: 10/3/2025 — 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 Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsored by: Suhas Subramanyam
Cosponsors: - 22 - 0

Finance and Financial Sector

Introduced
In Committee

What this bill would do

The "Shutdown Guidance for Financial Institutions Act" requires Federal financial regulators to issue guidance to institutions they regulate. This guidance encourages financial institutions to work with consumers and businesses impacted by a Federal Government shutdown. It directs regulators to suggest that institutions recognize hardships regarding debt payments and consider modifying loan terms or extending credit. The bill also aims to prevent adverse information from harming a consumer's credit report due to these arrangements. Additionally, regulators must issue a press release when a shutdown begins and submit a report to Congress regarding the guidance's effectiveness after a shutdown ends.

Yes· 3 of 13

Does this give people more protection from unfair business practices?+5
The bill protects consumer creditworthiness and encourages financial relief options during federal government shutdowns.
Would middle-income households be better off under this?+4
Protects middle-class families working for the federal government from severe credit damage and debt distress during shutdowns.
Does this make it easier to run a small business?+4
It encourages lenders to offer loan modifications and new credit options to businesses affected by federal shutdowns.