Shutdown Guidance for Financial Institutions Act

This bill requires major financial regulators, like the Federal Reserve and the FDIC, to work together to create official guidance for banks and credit unions during a government shutdown. The guidance would encourage these financial institutions to help affected consumers and businesses by considering changes to existing loans, offering new credit, and taking steps to prevent shutdowns from hurting people's credit reports. When a shutdown happens, regulators would also have to put out a public notice so that banks, consumers, and businesses know about this guidance. After a shutdown ends, regulators would have to write a report on how well the guidance worked and update it if any problems are found.

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