Shutdown Guidance for Financial Institutions Act

This bill requires financial regulators to create guidance for banks and other financial institutions about how to help people during government shutdowns. The guidance would encourage financial institutions to work with customers who are affected by a shutdown, such as by changing loan terms or offering new credit to help them through temporary financial difficulties. The regulators must also issue a press release to inform everyone about this guidance when a shutdown happens, and they must write a report afterward to see how well the guidance worked and update it if needed.

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