3.0.0 1323 2025-12-05T07:59:36Z 2025-12-05T07:59:36Z Senate S S 2023-04-26 118 https://www.congress.gov/bill/118th-congress/senate-bill/1323 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings By (full committee) 2023-05-11T18:20:41Z Referred To 2023-04-26T22:18:38Z 118 2860 S 2023-12-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 118 2891 HR 2023-05-03 Referred to the Subcommittee on Economic Opportunity. Identical bill CRS 2023-05-11 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2023-04-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-04-26 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 2023-04-26 True R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV 2023-04-26 True C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2023-04-26 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2023-04-26 True L000571 Sen. Lummis, Cynthia M. [R-WY] Cynthia Lummis R WY M. 2023-04-26 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2023-04-26 True M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2023-04-26 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2023-04-26 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2023-04-26 True L000570 Sen. Lujan, Ben Ray [D-NM] Ben Luján D NM R. 2023-04-26 True S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2023-04-26 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2023-04-26 True P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2023-04-26 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2023-04-26 True D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2023-04-26 True F000479 Sen. Fetterman, John [D-PA] John Fetterman D PA K. 2023-04-26 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2023-04-26 True S001191 Sen. Sinema, Kyrsten [I-AZ] Kyrsten Sinema I AZ 2023-04-26 True P000145 Sen. Padilla, Alex [D-CA] Alex Padilla D CA 2023-04-26 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2023-04-26 True W000800 Sen. Welch, Peter [D-VT] Peter Welch D VT 2023-04-26 True K000377 Sen. Kelly, Mark [D-AZ] Mark Kelly D AZ 2023-04-26 True B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2023-04-26 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2023-04-26 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2023-04-26 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2023-04-26 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2023-04-26 True K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2023-04-26 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2023-04-26 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2023-04-26 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2023-04-26 True C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2023-04-26 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2023-04-26 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2023-04-26 True H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2023-04-26 True H000273 Sen. Hickenlooper, John W. [D-CO] John Hickenlooper D CO W. 2023-04-26 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2023-04-26 True P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2023-04-26 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2023-04-26 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2023-05-31 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2023-07-13 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2023-07-26 False Finance and Financial Sector Administrative law and regulatory procedures 2023-05-23T16:00:26Z Asia 2023-05-23T16:00:27Z Bank accounts, deposits, capital 2023-05-23T16:00:26Z Banking and financial institutions regulation 2023-05-23T16:00:26Z Business records 2023-05-23T16:00:26Z Congressional oversight 2023-05-23T16:00:26Z Consumer affairs 2023-05-23T16:00:26Z Credit and credit markets 2023-05-23T16:00:26Z Criminal investigation, prosecution, interrogation 2023-05-23T16:00:26Z Department of the Treasury 2023-05-23T16:00:26Z Drug trafficking and controlled substances 2023-05-23T16:00:26Z Drug, alcohol, tobacco use 2023-05-23T16:00:26Z Evidence and witnesses 2023-05-23T16:00:26Z Federal Deposit Insurance Corporation (FDIC) 2023-05-23T16:00:26Z Federal Reserve System 2023-05-23T16:00:26Z Financial services and investments 2023-05-23T16:00:26Z Fraud offenses and financial crimes 2023-05-23T16:00:26Z Government information and archives 2023-05-23T16:00:26Z Government liability 2023-05-23T16:00:26Z Government studies and investigations 2023-05-23T16:00:26Z Insurance industry and regulation 2023-05-23T16:00:26Z Iran 2023-05-23T16:00:26Z Judicial procedure and administration 2023-05-23T16:00:26Z Licensing and registrations 2023-05-23T16:00:26Z Middle East 2023-05-23T16:00:26Z Minority and disadvantaged businesses 2023-05-23T16:00:26Z National Credit Union Administration 2023-05-23T16:00:26Z North Korea 2023-05-23T16:00:26Z Organized crime 2023-05-23T16:00:26Z Syria 2023-05-23T16:00:27Z Terrorism 2023-05-23T16:00:27Z Women in business 2023-05-23T16:00:26Z Finance and Financial Sector 2023-05-04T12:45:18Z

00 2023-04-26 Introduced in Senate 2023-05-16T18:38:56Z <p><strong></strong> </p> <p> <p><b>Secure and Fair Enforcement Banking Act of 2023 or the SAFE Banking Act of 2023 </b> </p> <p>This bill provides protections for federally regulated financial institutions that serve state-sanctioned marijuana businesses. Currently, many financial institutions do not provide services to state-sanctioned marijuana businesses due to the federal classification of marijuana as a Schedule I controlled substance. </p> <p>Under the bill, a federal banking regulator may not penalize a depository institution for providing banking services to a state-sanctioned marijuana business. For example, regulators may not terminate or limit the deposit or share insurance of a depository institution solely because the institution provides financial services to a state-sanctioned marijuana business.</p> <p>The bill also prohibits a federal banking regulator from requesting or ordering a depository institution to terminate a customer account unless (1) the regulator has determined that the depository institution is engaging in an unsafe or unsound practice or is violating a law or regulation, and (2) that determination is not based primarily on reputation risk. </p> <p>Additionally, proceeds from a transaction involving activities of a state-sanctioned marijuana business are no longer considered proceeds from unlawful activity. (Financial institutions that handle proceeds from unlawful activity are subject to anti-money laundering laws. Violators of these laws are subject to fines and imprisonment.)</p> <p>Furthermore, a financial institution, insurer, or federal agency may not be held liable or subject to asset forfeiture under federal law for providing a loan, mortgage, or other financial service to a state-sanctioned marijuana business.</p>

Display Title 45 2024-07-24T15:22:34Z Short Title(s) as Introduced 101 2024-05-24T13:40:40Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-05-24T13:40:40Z Introduced in Senate IS Official Title as Introduced 6 2023-05-02T01:58:46Z Introduced in Senate IS Introduced in Senate 2023-04-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1323is/xml/BILLS-118s1323is.xml 2023-05-11 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 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.