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HF 5009 Minnesota House · 2025-2026 Regular Session

Loan guarantee program created for furloughed federal employees, and money appropriated.

This bill establishes a loan guarantee program in Minnesota to help federal employees who lost pay during the 2026 government shutdown. The program allows approved local banks and credit unions to lend money to affected residents, with the state guaranteeing 100% of the loan amount if the borrower defaults. The Department of Employment and Economic Development will manage the program, which is set to end by July 31, 2028, and includes a limit on the total number of guaranteed loans.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill appropriates funds to create a loan guarantee program assisting federal employees affected by a government shutdown, directly funding essential support.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates a loan guarantee program to help federal employees who lost pay during a shutdown, directly supporting worker financial stability and benefits.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 16, 2026 Last action Apr 16, 2026
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Full legislative history

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Total actions
1
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Committee
0
Apr 16, 2026
Introduced
Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brad Tabke
Brad Tabke
DDemocratic-Farmer-Labor
MN
54A