S.2995

The Shutdown Guidance for Financial Institutions Act requires federal financial regulators to issue guidance to financial institutions during a.

The Shutdown Guidance for Financial Institutions Act mandates that federal financial regulators, including the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection, issue guidance to financial institutions within 180 days of the act's enactment. This guidance encourages financial institutions to assist consumers and businesses affected by a government shutdown, recognize potential credit access issues, and consider modifying loan terms or extending credit to help affected consumers and businesses.