Federal Employee Financial Protection Act of 2026
Sponsored By: Representative Alford, Mark [R-MO-4]
Introduced
Summary
Protect federal employees' credit during government shutdowns. This bill would bar consumer reporting agencies from listing late or missed payments that occurred while a federal employee was furloughed or required to work without pay during a lapse in appropriations.
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- Federal employees: Federal employees furloughed or required to work without pay would not have late or missed payments from the shutdown period included on their consumer reports.
- Consumer reporting agencies: They would be barred from including those adverse items and must treat such payments as if they were made when generating reports.
- Consumer Financial Protection Bureau: The Bureau's director would have to issue rules to implement the change within 30 days after enactment.
- Private lenders: The bill urges private lenders to offer temporary forbearance, waive late fees incurred during the lapse, and refrain from furnishing adverse credit information for those missed payments.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Protect federal workers' credit reports
This bill would stop consumer reporting agencies from listing late payments or nonpayments on a federal employee's credit report if the delinquency happened during a government shutdown that delayed pay. It would require agencies to treat those accounts as if the payment had been made when creating consumer reports. The bill would define a covered employee as any federal worker furloughed or required to work without pay, and a covered period as any lapse in appropriations that delays compensation. If enacted, the Consumer Financial Protection Bureau would have to issue rules to carry out this change within 30 days of enactment.
Sponsors & CoSponsors
Sponsor
Alford, Mark [R-MO-4]
MO • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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