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S. 2919 116th Congress Senate

Shutdown Guidance for Financial Institutions Act

Official title: A bill to require the Federal financial regulators to issue guidance encouraging financial institutions to work with consumers and businesses affected by a Fed… Show full official titleShow less

Official title: A bill to require the Federal financial regulators to issue guidance encouraging financial institutions to work with consumers and businesses affected by a Federal Government shutdown, and for other purposes.

Introduced: November 20, 2019 Introduced by: Chris Van Hollen Democratic · Maryland See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresAppropriationsBanking and financial institutions regulationCongressional oversight
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Consumer affairsConsumer creditCredit and credit marketsGovernment employee pay, benefits, personnel managementGovernment information and archives
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 20, 2019
Introduced in Senate
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 Latest action November 20, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Shutdown Guidance for Financial Institutions Act

This bill 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.

 Related & companion bills 1
  • HR 2290 Shutdown Guidance for Financial Institutions Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2919: Shutdown Guidance for Financial Institutions Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-2919/
MLA
"S. 2919: Shutdown Guidance for Financial Institutions Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2919/.
Bluebook (legal)
S. 2919, 116th Cong. (2026), https://openamerica.io/bill/116-S-2919/.
Markdown link
[S. 2919: Shutdown Guidance for Financial Institutions Act](https://openamerica.io/bill/116-S-2919/)
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