#aafth ,,congress  #ast ,session  ,h4   
,r4 #bbij  ,,an ,,act  ,to require the  
,federal financial regulators to issue  
guidance encouraging financial          
institutions to work with consumers and 
businesses affected by a ,federal       
,government shutdown1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,shutdown ,guidance 
for ,financial ,institutions ,act4  #b4 
,shutdown guidance for financial        
institutions  7a7 ,guidance ,not later  
than the end of the #ahj-;day period    
beginning on the date of enactment of   
this ,act1 the ,federal financial       
regulators shall1 jointly1 in           
consultation with ,state banking        
regulators and other appropriate        
,federal and ,state agencies1 issue     
shutdown guidance to the financial      
institutions they regulate encouraging  
the financial institutions to--  7#a7   
work with consumers and businesses      
affected by a shutdown2  7#b7 recognize 
that consumers and businesses affected  

by a shutdown may lose access to credit 
and face temporary hardship in making   
payments on debts such as mortgages1    
student loans1 car loans1 business      
loans1 or credit cards2  7#c7 consider  
prudent efforts to modify terms on      
existing loans or extend new credit to  
help consumers and businesses affected  
by a shutdown1 consistent with          
safe-and-sound lending practices2 and   
7#d7 take steps to prevent adverse      
information being reported in a manner  
that harms consumers affected by a      
shutdown1 including by preventing       
modified credit arrangements intended to
 help consumers fulfill their financial 
obligations from being reported to1 and 
coded by1 consumer reporting agencies on
 a consumer's credit report in a manner 
that hurts the creditworthiness of the  
consumer4  7b7 ,notice of guidance      
during a shutdown ,not later than the   
end of the #bd-;hour period beginning at
 the start of a shutdown1 the ,federal  
financial regulators shall1 jointly1    

issue a press release to alert financial
 institutions1 consumers1 and businesses
 to the existence1 and content1 of the  
guidance issued pursuant to subsection  
7a74  7c7 ,post-,shutdown report to     
,congress and updated guidance  7#a7 ,in
 general ,not later than the end of the 
#ij-;day period beginning on the date a 
shutdown ends1 the ,federal financial   
regulators shall1 jointly1 issue a      
report to ,congress containing an       
analysis of the effectiveness of the    
guidance issued pursuant to subsection  
7a74  7#b7 ,updated guidance ,not later 
than the end of the #ahj-;day period    
beginning on the date a report is issued
 under paragraph 7#a71 the ,federal     
financial regulators shall update the   
guidance required under subsection 7a7  
if any shortcomings are identified in   
such report4  7d7 ,definitions ,in this 
section3  7#a7 ,consumers affected by a 
shutdown ,the term consumers affected by
 a shutdown means an individual who is  
an employee of-- 7,a7 the ,federal      

,government1 and who is furloughed or   
excepted from a furlough during the     
shutdown2  7,b7 the ,district of        
,columbia1 and who is not receiving pay 
because of the shutdown2 or  7,c7 a     
,federal contractor 7as defined under   
section #gaja of title #da1 ,united     
,states ,code7 or other business1 and   
who has experienced a substantial       
reduction in pay due to the shutdown4   
7#b7 ,consumers and businesses affected 
by a shutdown ,the term consumers and   
businesses affected by a shutdown       
means-- 7,a7 a consumer affected by a   
shutdown2 and  7,b7 a ,federal          
contractor 7as defined under section    
#gaja of title #da1 ,united ,states     
,code7 or other business that has       
experienced a substantial reduction in  
income due to the shutdown4  7#c7       
,federal financial regulators ,the term 
,federal financial regulators means the 
,board of ,governors of the ,federal    
,reserve ,system1 the ,bureau of        
,consumer ,financial ,protection1 the   

,comptroller of the ,currency1 the      
,federal ,deposit ,insurance            
,corporation1 and the ,national ,credit 
,union ,administration4  7#d7 ,shutdown 
,the term shutdown means any period in  
which there is more than a #bd-;hour    
lapse in appropriations as a result of a
 failure to enact a regular             
appropriations bill or continuing       
resolution4  #c4 ,determination of      
budgetary effects ,the budgetary effects
 of this ,act1 for the purpose of       
complying with the ,statutory           
,pay-,as-,you-,go ,act of #bjaj1 shall  
be determined by reference to the latest
 statement titled ,budgetary ,effects of
 ,,paygo ,legislation for this ,act1    
submitted for printing in the           
,congressional ,record by the ,chairman 
of the ,house ,budget ,committee1       
provided that such statement has been   
submitted prior to the vote on passage4 
,passed the ,house of ,representatives  
,september #ai1 #bjai4;,clerk4