Financial Support for Citizens During Government Shutdowns
This act aims to ensure financial institutions support citizens and businesses affected by a government shutdown. It means banks and other institutions should be more flexible with loan repayments and avoid negative credit reporting when difficulties arise due to a shutdown.
Key points
Banks and financial institutions will be encouraged to work with individuals and businesses who lose income due to a government shutdown.
Flexible approaches to mortgage, student, car loan, and credit card payments may be considered.
Financial institutions are to prevent adverse credit reporting if payment difficulties are due to a government shutdown.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.