,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #biai  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #bj1 #bjai,mr4
 ,van ,holl5 introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to require !      
,f$]al f9ancial regulators to issue     
guidance enc\rag+ f9ancial in/itutions  
to "w ) consum]s & bus9esses affect$ by 
a ,f$]al ,gov]nm5t %utd[n1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,%utd[n ,guidance =        
,f9ancial ,in/itutions ,act4  #b4       
,%utd[n guidance = f9ancial in/itutions 
7a7 ,def9itions ,9 ?is section3  7#a7   
,consum] affect$ by a %utd[n ,! t]m     
consum] affect$ by a %utd[n means an    
individual :o is an employee (-- 7,a7 ! 
,f$]al ,gov]nm5t1 & :o is furl\gh$ or   
except$ f a furl\gh dur+ a %utd[n2  7,b7
 ! ,di/rict ( ,columbia1 & :o is n      
receiv+ pay because ( a %utd[n2 or  7,c7
 a ,f$]al contractor or o!r bus9ess1 &  
:o has exp]i5c$ a sub/antial r$uction 9 

pay due to ! %utd[n4  7#b7 ,consum]s &  
bus9esses affect$ by a %utd[n ,! t]m    
consum]s & bus9esses affect$ by a %utd[n
 means-- 7,a7 a consum] affect$ by a    
%utd[n2 &  7,b7 a ,f$]al contractor 7z  
def9$ "u section #gaja ( title #da1     
,unit$ ,/ates ,code7 or o!r bus9ess t   
has exp]i5c$ a sub/antial r$uction 9    
income due to ! %utd[n4  7#c7 ,f$]al    
contractor ,! t]m ,f$]al contractor has 
! mean+ giv5 ! t]m contractor 9 section 
#gaja ( title #da1 ,unit$ ,/ates ,code4 
7#d7 ,f$]al f9ancial regulators ,! t]m  
,f$]al f9ancial regulators means ! ,bo>d
 ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 
! ,bureau ( ,consum] ,f9ancial          
,protection1 ! ,comptroll] ( ! ,curr5cy1
 ! ,f$]al ,deposit ,insurance           
,corporation1 & ! ,national ,cr$it      
,union ,adm9i/ration4  7#e7 ,%utd[n ,!  
t]m %utd[n means any p]iod 9 :i* !re is 
m ?an a #bd-;h\r lapse 9 appropriations 
z a result ( a failure to enact a regul>
 appropriations bill or cont9u+         
resolution4  7b7 ,guidance ,n lat] ?an !

 end ( ! #ahj-;day p]iod beg9n+ on !    
date ( enactm5t ( ?is ,act1 ! ,f$]al    
f9ancial regulators jo9tly1 9           
consultation ) ,/ate bank+ regulators & 
o!r appropriate ,f$]al & ,/ate ag5cies1 
%all issue %utd[n guidance to ! f9ancial
 in/itutions !y regulate enc\rag+ !     
f9ancial in/itutions to--  7#a7 "w )    
consum]s & bus9esses affect$ by a       
%utd[n2  7#b7 recognize t consum]s &    
bus9esses affect$ by a %utd[n may lose  
access to cr$it & face tempor>y h>d%ip 9
 mak+ paym5ts on debts su* z mortgages1 
/ud5t loans1 c> loans1 bus9ess loans1 or
 cr$it c>ds2  7#c7 consid] prud5t ef=ts 
to modify t]ms on exi/+ loans or ext5d  
new cr$it to help consum]s & bus9esses  
affect$ by a %utd[n1 consi/5t )         
safe-&-s\nd l5d+ practices2 &  7#d7 take
 /eps to prev5t adv]se in=mation be+    
report$ 9 a mann] t h>ms consum]s       
affect$ by a %utd[n1 includ+ by prev5t+ 
modifi$ cr$it arrangem5ts int5d$ to help
 consum]s fulfill _! f9ancial           
obligations f be+ report$ to1 & cod$ by1

 consum] report+ ag5cies on a consum]   
report 9 a mann] t hurts ! cr$itwor?9ess
 ( ! consum]4  7c7 ,notice ( guidance   
dur+ a %utd[n ,n lat] ?an ! end ( !     
#bd-;h\r p]iod beg9n+ at ! />t ( a      
%utd[n1 ! ,f$]al f9ancial regulators    
jo9tly %all issue a press release to    
al]t f9ancial in/itutions1 consum]s1 &  
bus9esses to ! exi/5ce & cont5t ( !     
guidance issu$ "u to subsection 7b74    
7d7 ,po/-,%utd[n report to ,congress &  
updat$ guidance  7#a7 ,9 g5]al ,n lat]  
?an ! end ( ! #ij-;day p]iod beg9n+ on !
 date on :i* a %utd[n ends1 ! ,f$]al    
f9ancial regulators jo9tly %all submit  
to ,congress a report t conta9s an      
analysis ( ! effectiv5ess ( ! guidance  
issu$ pursuant to subsection 7b74  7#b7 
,updat$ guidance ,n lat] ?an ! end ( !  
#ahj-;day p]iod beg9n+ on ! date on :i* 
a report is issu$ "u p>agraph 7#a71 !   
,f$]al f9ancial regulators %all update !
 guidance requir$ "u subsection 7b7 if  
any %ortcom+s are id5tifi$ 9 ! report4