Rep. Suhas Subramanyam, D-Va., has reintroduced the Shutdown Guidance for Financial Institutions Act (H.R. 5689), originally from former Rep. Jennifer Wexton, D-Va. This bill aims to protect federal employees and contractors from financial hardship during a government shutdown by requiring regulators to issue guidance to financial institutions within 24 hours. This guidance would advise institutions to modify loan terms, extend credit, and prevent adverse credit reporting for those affected by the shutdown.
Read more: https://www.govexec.com/pay-benefits/2025/10/revived-bill-aims-ease-financial-strain-federal-employees-during-shutdown/408654/
