Shutdown Guidance for Financial Institutions Act

This bill requires federal financial regulators (like the Fed and Consumer Bureau) to create guidance for banks within 180 days of enactment. The guidance directs banks to help consumers and businesses affected by government shutdowns - including furloughed federal workers, DC employees without pay, and contractors with reduced income - by adjusting loan terms, preventing payment hardships, and stopping negative credit reporting during temporary financial difficulties. Banks must also immediately notify regulators, consumers, and businesses if a shutdown begins. After a shutdown ends, regulators must report to Congress on the guidance's effectiveness and update it within 180 days if needed.