1. Short title This Act may be cited as the Shutdown Guidance for Financial Institutions Act . 2. Shutdown guidance for financial institutions (a) Definitions In this section: (1) Consumer affected by a shutdown The term consumer affected by a shutdown means an individual who is an employee of— (A) the Federal Government, and who is furloughed or excepted from a furlough during a shutdown; (B) the District of Columbia, and who is not receiving pay because of a shutdown; or (C) a Federal contractor or other business, and who has experienced a substantial reduction in pay due to the shutdown. (2) Consumers and businesses affected by a shutdown The term consumers and businesses affected by a shutdown means— (A) a consumer affected by a shutdown; and (B) a Federal contractor (as defined under section 7101 of title 41, United States Code) or other business that has experienced a substantial reduction in income due to the shutdown. (3) Federal contractor The term Federal contractor has the meaning given the term contractor in section 7101 of title 41, United States Code. (4) Federal financial regulators The term Federal financial regulators means the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration. (5) Shutdown The term shutdown means any period in which there is more than a 24-hour lapse in appropriations as a result of a failure to enact a regular appropriations bill or continuing resolution. (b) Guidance Not later than the end of the 180-day period beginning on the date of enactment of this Act, the Federal financial regulators jointly, in consultation with State banking regulators and other appropriate Federal and State agencies, shall issue shutdown guidance to the financial institutions they regulate encouraging the financial institutions to— (1) work with consumers and businesses affected by a shutdown