US Congress Senate Bill 2919 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 20 2019 - 25% progression, died in committee
Action: 2019-11-20 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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

Sen. Chris Van Hollen [D-MD]

Date	Chamber	Action
2019-11-20	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB2290 (Related) 2019-09-23 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/2919/all-info
Text	https://www.congress.gov/116/bills/s2919/BILLS-116s2919is.pdf