H.R. 2290: Shutdown Guidance for Financial Institutions Act
CBO Score
$1 million
Documentation
Date of Report
Wed September 18th, 2019
Notes
PAYGO estimate only; deficit effects assumed to be direct spending: "The financing structure of those agencies vary and their costs are recorded in the budget as either direct spending or revenues."
CBO Report Details
Legislation Details
116th Congress
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.
Sponsor: Rep. Jennifer Wexton — D — VA
Requires the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System to, in the event of a lapse in Congressional appropriations, issue guidance to financial institutions on how they can work with affected consumers and businesses. Those agencies also would be required to issue a report on the effectiveness of that guidance.
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