United States 119th Congress Status: In Committee 7 D cosponsors

S 2995 — Shutdown Guidance for Financial Institutions Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced October 09, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 7 sponsors

    1 primary, 6 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (7 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

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 towork 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, andtake 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.

Bill Text

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 540 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (540)

540 members have not signed on to this bill.

Show all 540 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 2995 do?
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 towork 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, andtake 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.
Who sponsors S 2995?
S 2995 is sponsored by Van Hollen, Chris (Democratic), Alsobrooks, Angela D. (Democratic), Kaine, Tim (Democratic), Warner, Mark R. (Democratic), Gillibrand, Kirsten E. (Democratic), Booker, Cory A. (Democratic), and Merkley, Jeff (Democratic).
What is the current status of S 2995?
This bill is in committee in the Senate. Introduced October 09, 2025. It must pass committee before a floor vote.
Where can I track S 2995?
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Last checked for changes 3 months ago · updated continuously

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