3.0.0 1152 2023-01-11T13:36:26Z 2023-01-11T13:36:26Z Senate S 2017-05-17 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2017-06-08T14:00:02Z Referred to 2017-05-17T15:54:19Z SAFE Act of 2017 115 2215 HR 2017-09-21 Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Related bill CRS 2017-06-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81. Committee 2017-05-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-05-17 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2017-05-17 True B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2017-05-17 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2017-05-17 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-05-17 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2017-05-17 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2017-05-17 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2017-05-17 True G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2017-05-17 True M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2017-06-19 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2017-06-28 False F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2017-09-18 False H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2017-10-24 False H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. 2018-01-30 False M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2018-02-08 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2018-03-19 False H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND 2018-05-09 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2018-05-23 False D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2018-08-01 False B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2018-08-27 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2018-11-13 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Civil actions and liability Credit and credit markets Criminal investigation, prosecution, interrogation Criminal justice information and records Drug trafficking and controlled substances Financial services and investments Fraud offenses and financial crimes Government information and archives Finance and Financial Sector 00 2017-05-17 Introduced in Senate 2018-03-13T17:15:51Z Secure and Fair Enforcement Banking Act or the SAFE Banking Act

This bill prohibits a federal banking regulator from: (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3) recommending, incentivizing, or encouraging a depository institution not to offer financial services to an account holder solely because the account holder is affiliated with such a business; or (4) taking any adverse or corrective supervisory action on a loan made to a person solely because the person either owns such a business or owns real estate or equipment leased or sold to such a business.

As specified by the bill, a depository institution shall not, under federal law, be liable or subject to forfeiture for providing a loan or other financial services to a legitimate marijuana-related business.

]]> SAFE Banking Act Display Title SAFE Banking Act Official Title as Introduced A bill to create protections for depository institutions that provide financial services to cannabis-related businesses, and for other purposes. Introduced in Senate IS Short Titles as Introduced SAFE Banking Act Short Titles as Introduced Secure and Fair Enforcement Banking Act Introduced in Senate 2017-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1152is/xml/BILLS-115s1152is.xml 2017-06-08 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.