This bill prohibits banks and credit card companies from charging certain fees to military members and federal employees during government shutdowns when appropriations lapse. Specifically, financial institutions cannot impose overdraft fees or insufficient funds charges on covered persons' checking or savings accounts, and credit card issuers cannot charge late payment fees if the payment was due during a shutdown period. The law applies to federal civil service employees, armed forces members, and uniformed services personnel who were furloughed or working without pay during the shutdown. The bill contains no specific funding provisions or implementation timeline beyond its definition of when the protections take effect—namely, during any period when federal agency appropriations are not in place.
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