3.0.0
910
2023-03-08T20:12:35Z
2023-11-30T17:27:40Z
Senate
S
2021-03-23
117
- ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Standing
  - Hearings by
2022-09-08T16:31:50Z
  - Referred to
2021-03-23T19:42:20Z

- SAFE Banking Act of 2021
117
1996
HR
2021-04-20
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  - Related bill
CRS
- 2022-09-08
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committee
- 2021-03-23
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferral
- 2021-03-23
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- M001176
Sen. Merkley, Jeff [D-OR]
Jeff
Merkley
D
OR
N
- D000618
Sen. Daines, Steve [R-MT]
Steve
Daines
R
MT
2021-03-23
True
- M000639
Sen. Menendez, Robert [D-NJ]
Robert
Menendez
D
NJ
2021-03-23
True
- S001191
Sen. Sinema, Kyrsten [D-AZ]
Kyrsten
Sinema
D
AZ
2021-03-23
True
- M000133
Sen. Markey, Edward J. [D-MA]
Edward
Markey
D
MA
J.
2021-03-23
True
- P000145
Sen. Padilla, Alex [D-CA]
Alex
Padilla
D
CA
2021-03-23
True
- L000174
Sen. Leahy, Patrick J. [D-VT]
Patrick
Leahy
D
VT
2021-03-23
True
- D000563
Sen. Durbin, Richard J. [D-IL]
Richard
Durbin
D
IL
J.
2021-03-23
True
- W000779
Sen. Wyden, Ron [D-OR]
Ron
Wyden
D
OR
2021-03-23
True
- H001042
Sen. Hirono, Mazie K. [D-HI]
Mazie
Hirono
D
HI
K.
2021-03-23
True
- S001203
Sen. Smith, Tina [D-MN]
Tina
Smith
D
MN
2021-03-23
True
- K000383
Sen. King, Angus S., Jr. [I-ME]
Angus
King
I
ME
S.
2021-03-23
True
- C001113
Sen. Cortez Masto, Catherine [D-NV]
Catherine
Cortez Masto
D
NV
2021-03-23
True
- B001267
Sen. Bennet, Michael F. [D-CO]
Michael
Bennet
D
CO
2021-03-23
True
- T000464
Sen. Tester, Jon [D-MT]
Jon
Tester
D
MT
2021-03-23
True
- R000608
Sen. Rosen, Jacky [D-NV]
Jacklyn
Rosen
D
NV
2021-03-23
True
- C001096
Sen. Cramer, Kevin [R-ND]
Kevin
Cramer
R
ND
2021-03-23
True
- S001198
Sen. Sullivan, Dan [R-AK]
Dan
Sullivan
R
AK
2021-03-23
True
- G000555
Sen. Gillibrand, Kirsten E. [D-NY]
Kirsten
Gillibrand
D
NY
E.
2021-03-23
True
- W000817
Sen. Warren, Elizabeth [D-MA]
Elizabeth
Warren
D
MA
A.
2021-03-23
True
- M001169
Sen. Murphy, Christopher [D-CT]
Christopher
Murphy
D
CT
S.
2021-03-23
True
- P000595
Sen. Peters, Gary C. [D-MI]
Gary
Peters
D
MI
2021-03-23
True
- S000033
Sen. Sanders, Bernard [I-VT]
Bernard
Sanders
I
VT
2021-03-23
True
- S001194
Sen. Schatz, Brian [D-HI]
Brian
Schatz
D
HI
2021-03-23
True
- M001111
Sen. Murray, Patty [D-WA]
Patty
Murray
D
WA
2021-03-23
True
- K000367
Sen. Klobuchar, Amy [D-MN]
Amy
Klobuchar
D
MN
2021-03-23
True
- P000603
Sen. Paul, Rand [R-KY]
Rand
Paul
R
KY
2021-03-23
True
- C001075
Sen. Cassidy, Bill [R-LA]
Bill
Cassidy
R
LA
2021-03-23
True
- L000571
Sen. Lummis, Cynthia M. [R-WY]
Cynthia
Lummis
R
WY
M.
2021-03-23
True
- M001153
Sen. Murkowski, Lisa [R-AK]
Lisa
Murkowski
R
AK
2021-03-23
True
- D000622
Sen. Duckworth, Tammy [D-IL]
Tammy
Duckworth
D
IL
2021-03-24
False
- H000273
Sen. Hickenlooper, John W. [D-CO]
John
Hickenlooper
D
CO
W.
2021-03-25
False
- L000570
Sen. Lujan, Ben Ray [D-NM]
Ben
Lujan
D
NM
R.
2021-04-15
False
- K000384
Sen. Kaine, Tim [D-VA]
Timothy
Kaine
D
VA
M.
2021-04-21
False
- W000805
Sen. Warner, Mark R. [D-VA]
Mark
Warner
D
VA
R.
2021-04-27
False
- B001230
Sen. Baldwin, Tammy [D-WI]
Tammy
Baldwin
D
WI
2021-04-29
False
- K000377
Sen. Kelly, Mark [D-AZ]
Mark
Kelly
D
AZ
2021-04-29
False
- C001035
Sen. Collins, Susan M. [R-ME]
Susan
Collins
R
ME
M.
2021-05-12
False
- C001088
Sen. Coons, Christopher A. [D-DE]
Christopher
Coons
D
DE
A.
2021-05-26
False
- B000575
Sen. Blunt, Roy [R-MO]
Roy
Blunt
R
MO
2021-07-13
False
- F000062
Sen. Feinstein, Dianne [D-CA]
Dianne
Feinstein
D
CA
2021-11-18
False
- H001046
Sen. Heinrich, Martin [D-NM]
Martin
Heinrich
D
NM
T.
2022-02-03
False
- S000770
Sen. Stabenow, Debbie [D-MI]
Debbie
Stabenow
D
MI
2022-03-08
False
Finance and Financial Sector
- Administrative law and regulatory procedures
- Asia
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Congressional oversight
- Consumer affairs
- Credit and credit markets
- Criminal investigation, prosecution, interrogation
- Department of the Treasury
- Drug trafficking and controlled substances
- Drug, alcohol, tobacco use
- Evidence and witnesses
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Financial services and investments
- Fraud offenses and financial crimes
- Government information and archives
- Government liability
- Government studies and investigations
- Insurance industry and regulation
- Iran
- Judicial procedure and administration
- Licensing and registrations
- Middle East
- Minority and disadvantaged businesses
- National Credit Union Administration
- North Korea
- Organized crime
- Syria
- Terrorism
- Women in business
Finance and Financial Sector
00
2021-03-23
Introduced in Senate
2021-04-26T16:35:36Z
Secure and Fair Enforcement Banking Act of 2021 or the SAFE Banking Act of 2021
This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. Prohibited penalties include terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate cannabis-related business and prohibiting or otherwise discouraging a depository institution from offering financial services to such a business.
Additionally, proceeds from a transaction involving activities of a legitimate cannabis-related business are not considered proceeds from unlawful activity. Proceeds from unlawful activity are subject to anti-money laundering laws.
Furthermore, a depository institution is not, under federal law, liable or subject to asset forfeiture for providing a loan or other financial services to a legitimate cannabis-related business.
The bill also provides that a federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.

SAFE Banking Act of 2021
- Display Title

SAFE Banking Act of 2021
- Official Title as Introduced

A bill to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses, and for other purposes.
Introduced in Senate
IS
- Short Title(s) as Introduced

SAFE Banking Act of 2021
Introduced in Senate
IS
- Short Title(s) as Introduced

Secure And Fair Enforcement Banking Act of 2021
Introduced in Senate
IS
- Introduced in Senate
2021-03-23T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-117s910is/xml/BILLS-117s910is.xml
2022-09-08
Committee on Banking, Housing, and Urban Affairs. Hearings held.
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
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