1. Short title This Act may be cited as the Immediate Financial Relief for Federal Employees Act . 2. Interest-free loan for Federal and DC employees affected by Government shutdowns (a) In general The Secretary of the Treasury shall, at the request of any employee affected by a Government shutdown, issue to such employee an interest-free loan. (b) Notice to employer At the time any loan is provided to an employee affected by a Government shutdown under subsection (a), the Secretary shall notify the employee’s employer that such loan has been provided and the amount of such loan. (c) Loan terms (1) Prohibition on fees and interest The Secretary may not charge any fee or interest in connection with a loan provided under subsection (a). (2) Limitation on loan amount A loan provided under subsection (a) may not exceed $6,000. (3) Employees limited to one loan With respect to each period of time that an individual is an employee affected by a Government shutdown, the individual may not be provided more than one loan under subsection (a). (d) Loan repayment (1) Repayment through garnishment With respect to an individual who was provided a loan under subsection (a), when such individual is no longer an employee affected by a Government shutdown, the employer of the individual shall garnish 100 percent of the individual’s pay with respect to the applicable pay period, and transfer such amounts to the Secretary as repayment on the loan provided to the individual under subsection (a), until the loan is repaid in full. (2) Additional repayment The Secretary shall issue regulations to provide for a repayment process for loans provided under subsection (a) with respect to which the garnishment requirement under paragraph (1) will not provide for the full repayment of the loan. (e) Clarification Any loan provided under subsection (a) shall not— (1) be treated as basic pay or annual pay of an employee for purposes of title 5, United States Code