H.R. 5689 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned, Oct 3, 2025
What this bill does
In plain words · AI-written from the official summaryFinancial regulators guide banks on shutdown assistance
When the government shuts down, federal financial regulators would have to work together to tell banks how to help their customers who are struggling. The guidance would encourage banks to work with affected consumers and businesses, adjust loan terms to ease hardship, offer new credit when possible, and avoid reporting negative credit marks that could hurt people's financial records during the shutdown. After a shutdown ends, regulators would review how well the guidance worked and update it if needed.
How it affects you
If you're a consumer or small business owner affected by a government shutdown, this means banks would be encouraged to help you stay afloat—by adjusting your loan payments, offering credit relief, or protecting your credit score. The bill doesn't require banks to help, but it directs regulators to guide them toward doing so.
Read the official summary (Introduced in House, Oct 3, 2025)
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 jointly issue guidance relating to a government shutdown.
Specifically, financial regulators must issue guidance encouraging financial institutions to
• work with consumers and businesses affected by a shutdown,
• recognize that consumers and businesses affected by a shutdown may lose access to credit and face temporary hardship in making payments on debts,
• consider efforts to modify terms on existing loans or extend new credit to assist consumers and businesses affected by a shutdown, and
• take steps to prevent adverse credit information from being reported in a manner that harms consumers affected by a shutdown.
In addition, financial regulators must jointly issue a press release to notify financial institutions, consumers, and businesses of this guidance in the event of a government shutdown.
Financial regulators must also complete a report after a government shutdown regarding the guidance's effectiveness and update the guidance if any shortcoming are identified in the report.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 5689
A BILL
Shutdown Guidance for Financial Institutions Act
Sponsor: Rep. Suhas Subramanyam (D-VA-10) · Introduced Oct 3, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Oct 3, 2025: “Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.”