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house Bill H.R. 2290

Should the Feds Encourage Banks to Work With Customers Affected by a Gov't Shutdown to Avoid Undue Hardship?

Argument in favor

Although federal regulators have historically issued guidance encouraging financial institutions and banks to work with customers impacted by government shutdowns, they aren’t required to do so. This bill is needed to ensure that regulators continue this practice going forward in case of future government shutdowns.

jimK's Opinion
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09/19/2019
We need to prevent two-party political standoffs from using government shutdown as a weapon in their arsenals for tribal warfare. The biggest problem is political party control over members largely reinforced by the massive political funds available to leadership that can readily used against members who don’t toe the party line. We can solve oh so many problems by getting big money, dark money out of politics. Without party dominance of members there will be many more options open for consideration as the membership can individually and independently debate and deliberate collaborative solutions. Oh well, in the mean time we need to protect innocents damaged by two-party political shootouts.
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09/19/2019
Let’s NOT have any government shutdown.
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SneakyPete's Opinion
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09/19/2019
I surely hope that this is not a forecast of a Democratic ploy to create a Governmental Shutdown leading up to the 2020 Presidential election. I wouldn’t doubt that, based on their current standing, that they would surely try having one....
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Argument opposed

Since federal regulators have historically issued guidance encouraging financial institutions and banks to work with customers impacted by government shutdowns, there’s no need for this bill to mandate that they do so.

NoHedges's Opinion
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09/19/2019
Missing the forest thru the trees again🤔 The government SHOULD NOT be allowed to shutdown. And ALL the elected officials responsible/involved in the shutdown need to be fined $1000 per day, in the event of a legislative failure that results shutdown. With an additional fine of $10,000 per day for elected officials with a net worth of 2.5 million or more.
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Bryan's Opinion
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09/16/2019
It's unfortunate that government shutdowns occur, and although I generally wish the banks would be sympathetic to those persons impacted - I think the pain that is experienced needs to be felt, so that pressure can be directed to those politicians responsible for failing to keep the government running. My biggest concern about passing legislation to force the banks hand is that it passes accountability to the bank industry to clean up something that should fall on the shoulders of the politicians. It may be a harsh position, but nothing will change on capital hill if legislation is passed to sweep it under the rug.
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Raymond 's Opinion
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09/19/2019
Quit passing the buck. Do YOUR DAM JOBS. You are ELECTED TO CONGRESS to form and CREATE and PASS A BUDGET. Or do you not remember what you are ELECTED FOR? CONGRESS is supposed to have the purse strings. You seem to only want to argue and obfuscate President Trump. That’s not YOUR JOB. Do YOUR DAM JOBS.
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    We need to prevent two-party political standoffs from using government shutdown as a weapon in their arsenals for tribal warfare. The biggest problem is political party control over members largely reinforced by the massive political funds available to leadership that can readily used against members who don’t toe the party line. We can solve oh so many problems by getting big money, dark money out of politics. Without party dominance of members there will be many more options open for consideration as the membership can individually and independently debate and deliberate collaborative solutions. Oh well, in the mean time we need to protect innocents damaged by two-party political shootouts.
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    How about stopping shutdowns altogether?
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    Let’s NOT have any government shutdown.
    Like (28)
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    I surely hope that this is not a forecast of a Democratic ploy to create a Governmental Shutdown leading up to the 2020 Presidential election. I wouldn’t doubt that, based on their current standing, that they would surely try having one....
    Like (18)
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    Missing the forest thru the trees again🤔 The government SHOULD NOT be allowed to shutdown. And ALL the elected officials responsible/involved in the shutdown need to be fined $1000 per day, in the event of a legislative failure that results shutdown. With an additional fine of $10,000 per day for elected officials with a net worth of 2.5 million or more.
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    AFTER ALL "WE THE PEOPLE" WERE FORCED TO BAIL OUT THE BANKS, NOW THEY SHOULD BE FORCED TO BAIL OUT "WE THE PEOPLE."
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    This kind of legislation is just beating around the bush and does very little to solve the actual problem. If Congress can’t agree on a budget, the previous budget adjusted for inflation should automatically come into force so that a government shutdown will never happen again!
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    Of course, people want to pay their debts, it's the banks that wants to claim their property and sell it for more profit. Think of Mnuchin and the widows he evicted over a measly quarter.
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    Federal shutdowns are the direct result of childish, petty politicians and the current president who cannot reach any compromises due to their bloated egos. These dysfunctional arrogant people get paid regardless of the devastation they cause to government employees who are helpless to do anything.
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    This bill would ensure bank support for those financially affected by a government shutdown. US taxpayers have bailed out banks in difficulty, banks should return the favor.
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    Sure, except this time instead of bailing out banks how about bailing out human beings? The last time the banks made out like bandits, which my gosh they ARE, and consumers paid for it.
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    Why not have Congress do their job and get their laws and budgets in place so they don't have to shut down the government.
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    I agree with JimK’s comments. However as a Fed Employee affected by both parties multiple shutdowns I only had help once. Bravo Zulu (Job Well Done) to the Navy Federal Credit Union (NFCU)! The NFCU model should be the gold standard; https://www.navyfederal.org/pdf/press-releases/2018/navy-federal-extends-paycheck-relief-to-those-affected-by-government-shutdown.pdf
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    It's unfortunate that government shutdowns occur, and although I generally wish the banks would be sympathetic to those persons impacted - I think the pain that is experienced needs to be felt, so that pressure can be directed to those politicians responsible for failing to keep the government running. My biggest concern about passing legislation to force the banks hand is that it passes accountability to the bank industry to clean up something that should fall on the shoulders of the politicians. It may be a harsh position, but nothing will change on capital hill if legislation is passed to sweep it under the rug.
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    WE bailed out the Banks. They now need to help their customers who through out no fault of their own { except perhaps voting for Trump] went with out pay d/t the shut down.
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    This bill could go away if you passed a budget
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    But there never should be a government shutdown.
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    Quit passing the buck. Do YOUR DAM JOBS. You are ELECTED TO CONGRESS to form and CREATE and PASS A BUDGET. Or do you not remember what you are ELECTED FOR? CONGRESS is supposed to have the purse strings. You seem to only want to argue and obfuscate President Trump. That’s not YOUR JOB. Do YOUR DAM JOBS.
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    The bill actually needs to be amended to specify that all debt needs to be suspended for any government workers affected by the government shutdown for the duration of the shutdown and for two weeks after the shutdown is concluded. This will prevent undue hardship to affected government workers and other Citizens who receive government checks (retirees and veterans, etc.)
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    Yes, encourage financial institutions to work with those affected by a government shutdown. But better yet, QUIT HAVING SHUTDOWNS in the first place. Do the job I am paying you to do and PASS THE DARN BUDGET! Compromise like the grownups you allegedly are supposed to be as public SERVANTS. This isn’t an unavoidable natural disaster that you don’t see coming, this is a known responsibility on a regular schedule. Those who are reduced to using shutdown tactics need to go back to kindergarten as do those who are creating the situation by being unwilling to work together.
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