S 2995 · in committee · significant
Shutdown Guidance for Financial Institutions Act
- economy
What this bill does
- This bill requires financial regulators to issue guidance helping banks assist consumers and businesses harmed by government shutdowns.
- Financial institutions, consumers, and businesses affected by a shutdown are impacted by this guidance on loan modifications and credit reporting.
- Regulators must issue a press release during any shutdown and report on the guidance's effectiveness afterward with updates as needed.
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Community Threads
Started by Cosponsor
- 01
How should financial regulators balance helping shutdown-affected borrowers with maintaining lending standards and risk management practices?
- 02
What specific loan modifications or credit reporting accommodations would most effectively support affected consumers and small businesses during a shutdown?
- 03
Which federal agencies should coordinate to implement this guidance, and how would regulators measure whether the guidance actually reduces financial hardship?
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Sponsor · D-MD
Chris Van Hollen
Citizen cosponsors
0
In Congress
6/ 100
Senators cosponsoring
Introduced 2025-10-09
Joining the bill
Legislative timeline
2025-10-09 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-10-09 · IntroReferral
Introduced in Senate
Citizen comments
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