,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #aafg  ,,in ,,the ,,house ,,of  
,,representatives  ,february #ac1       
#bjai,mr4 ,higgins of ,louisiana 7for   
himself and ,mr4 ,ruppersberger7        
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
create a zero interest loan program for 
,federal and ,district of ,columbia     
employees furloughed or excepted from   
such furlough during a lapse in ,federal
 appropriations1 and for other purposes4
  #a4 ,zero interest loans for ,federal 
and ,district of ,columbia employees    
7a7 ,in general ,the ,secretary of the  
,treasury shall1 each ,federal fiscal   
year1 enroll each covered bank in a     
program to be known as the zero interest
 ,federal and ,district of ,columbia    
employee loan program unless such       
covered bank has elected not to         
participate in such program for such    
,federal fiscal year4  7b7 ,zero        
,interest ,loan  7#a7 ,in general ,any  

covered bank enrolled in the zero       
interest ,federal and ,district of      
,columbia employee loan program under   
subsection 7a7 shall1 for the first #ij 
days of any lapse in ,federal           
appropriations1 upon request1 extend a  
zero interest loan to any covered       
employee4  7#b7 ,amount of loan ,any    
loan or loans provided to a covered     
employee under paragraph 7#a7 shall be  
equal to the amount paid to the covered 
employee by the ,united ,states or the  
,district of ,columbia during the pay   
period immediately preceding the lapse  
in ,federal appropriations4  7#c7       
,maximum aggregate loan amount ,a       
covered bank enrolled in the zero       
interest ,federal and ,district of      
,columbia employee loan program shall   
not be required to extend a loan1 or    
loans in the aggregate1 in an amount    
greater than #i1jjj to any individual   
covered employee with respect to each   
lapse in ,federal appropriations4  7#d7 
,terms of ,loan ,any covered bank that  

extends a loan under this subsection may
 not require repayment of such loan     
until #cj days after the conclusion of  
the lapse in ,federal appropriations4   
7c7 ,safety and soundness safe harbor ,a
 covered bank shall not extend any loan 
under this section if such loan would   
threaten the safety and soundness of the
 covered bank4  7d7 ,published list ,the
 ,secretary of the ,treasury shall      
publish and maintain1 on the ,department
 of the ,treasury website1 a list of all
 covered banks enrolled in the zero     
interest ,federal and ,district of      
,columbia employee loan program for each
 ,federal fiscal year4  7e7 ,other      
assistance ,covered banks may provide   
other forms of assistance to any covered
 employee during any lapse in           
appropriations beginning on or after    
,december #bb1 #bjah4  7f7 ,rulemaking  
,the ,secretary of the ,treasury shall  
issue rules to carry out this ,act4  7g7
 ,definitions ,in this ,act--  7#a7     
,covered bank ,the term covered bank    

means a bank holding company that has   
been identified by the ,board of        
,governors of the ,federal ,reserve     
,system as a global systemically        
important bank holding company pursuant 
to section #bag4djb of title #ab1 ,code 
of ,federal ,regulations1 and each      
subsidiary and affiliate of such a bank 
holding company4  7#b7 ,covered employee
 ,the term covered employee means a     
,federal or ,district of ,columbia      
employee furloughed or excepted from    
such furlough during any lapse in       
,federal appropriations beginning on or 
after ,december #bb1 #bjah1 who is not a
 ,member of ,congress4