3.0.0 2860 2025-01-14T18:20:21Z 2025-01-14T18:24:11Z Senate S S 2023-09-20 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings By (full committee) 2023-12-06T18:59:09Z Reported By 2023-09-28T15:36:53Z Markup By 2023-09-27T13:30:00Z Referred To 2023-09-20T16:14:27Z 118 2891 HR 2023-05-03 Referred to the Subcommittee on Economic Opportunity. Related bill CRS 118 1323 S 2023-05-11 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 2023-12-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2023-09-28 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 215. Calendars 2023-09-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Reported by Senator Brown with amendments. Without written report. Committee 2023-09-28 Committee on Banking, Housing, and Urban Affairs. Reported by Senator Brown with amendments. Without written report. Committee 14000 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2023-09-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with amendments favorably. Committee 2023-09-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-09-20 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 2023-09-20 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2023-09-20 True S001191 Sen. Sinema, Kyrsten [I-AZ] Kyrsten Sinema I AZ 2023-09-20 True L000571 Sen. Lummis, Cynthia M. [R-WY] Cynthia Lummis R WY M. 2023-09-20 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2023-09-20 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2023-09-20 True S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2023-09-20 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2023-09-20 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2023-09-20 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2023-09-20 True R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV 2023-09-20 True F000479 Sen. Fetterman, John [D-PA] John Fetterman D PA K. 2023-09-20 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2023-09-26 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2023-09-26 False C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2023-09-26 False D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2023-09-26 False S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2023-09-26 False K000377 Sen. Kelly, Mark [D-AZ] Mark Kelly D AZ 2023-09-26 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2023-09-26 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2023-09-26 False M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2023-09-26 False H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2023-09-26 False H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2023-09-28 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2023-09-28 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2023-09-30 False C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2023-10-03 False K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2023-10-03 False H000273 Sen. Hickenlooper, John W. [D-CO] John Hickenlooper D CO W. 2023-10-04 False L000570 Sen. Lujan, Ben Ray [D-NM] Ben Lujan D NM R. 2023-10-04 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2023-10-04 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2023-10-18 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2023-11-01 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2023-11-01 False P000145 Sen. Padilla, Alex [D-CA] Alex Padilla D CA 2023-11-01 False C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2024-02-28 False M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2024-07-11 False 2024-09-27T18:26:00Z https://www.cbo.gov/publication/60785 As reported by the Senate Committee on Banking, Housing, and Urban Affairs on September 28, 2023 Finance and Financial Sector Administrative law and regulatory procedures 2024-08-15T18:29:04Z Asia 2024-08-15T18:29:04Z Bank accounts, deposits, capital 2024-08-15T18:29:04Z Banking and financial institutions regulation 2024-08-15T18:29:04Z Business records 2024-08-15T18:29:04Z Congressional oversight 2024-08-15T18:29:04Z Consumer affairs 2024-08-15T18:29:04Z Credit and credit markets 2024-08-15T18:29:04Z Criminal investigation, prosecution, interrogation 2024-08-15T18:29:04Z Department of the Treasury 2024-08-15T18:29:04Z Drug trafficking and controlled substances 2024-08-15T18:29:04Z Drug, alcohol, tobacco use 2024-08-15T18:29:04Z Evidence and witnesses 2024-08-15T18:29:04Z Federal Deposit Insurance Corporation (FDIC) 2024-08-15T18:29:04Z Federal Reserve System 2024-08-15T18:29:04Z Financial services and investments 2024-08-15T18:29:04Z Fraud offenses and financial crimes 2024-08-15T18:29:04Z Government information and archives 2024-08-15T18:29:04Z Government liability 2024-08-15T18:29:04Z Government studies and investigations 2024-08-15T18:29:04Z Insurance industry and regulation 2024-08-15T18:29:04Z Iran 2024-08-15T18:29:04Z Judicial procedure and administration 2024-08-15T18:29:04Z Licensing and registrations 2024-08-15T18:29:04Z Middle East 2024-08-15T18:29:04Z Minority and disadvantaged businesses 2024-08-15T18:29:04Z National Credit Union Administration 2024-08-15T18:29:04Z North Korea 2024-08-15T18:29:04Z Organized crime 2024-08-15T18:29:04Z Syria 2024-08-15T18:29:04Z Terrorism 2024-08-15T18:29:04Z Women in business 2024-08-15T18:29:04Z Finance and Financial Sector 2023-09-25T13:15:25Z

00 2023-09-20 Introduced in Senate 2023-10-02T16:50:01Z <p><b>Secure And Fair Enforcement Regulation Banking Act or the SAFER Banking Act</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 requiring a depository institution to terminate a deposit account unless (1) there is a valid reason, such as the regulator has cause to believe that the depository institution is engaging in an unsafe or unsound practice; and (2) reputational risk is not the dispositive factor.</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>

25 2023-09-28 Reported to Senate 2023-10-16T16:37:36Z <p><b>Secure And Fair Enforcement Regulation Banking Act or the SAFER Banking Act</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 requiring a depository institution to terminate a deposit account unless (1) there is a valid reason, such as the regulator has cause to believe that the depository institution is engaging in an unsafe or unsound practice; and (2) reputational risk is not the dispositive factor.</p> <p>Additionally, proceeds from a transaction conducted by 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 2024-07-13T11:03:17Z Short Title(s) as Introduced 101 2024-05-24T13:36:26Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-05-24T13:36:26Z Introduced in Senate IS Short Title(s) as Reported to Senate 103 2024-05-24T13:35:35Z S Senate Reported to Senate RS Short Title(s) as Reported to Senate 103 2024-05-24T13:35:35Z S Senate Reported to Senate RS Official Title as Introduced 6 2024-02-29T09:08:26Z Introduced in Senate IS Reported to Senate 2023-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s2860rs/xml/BILLS-118s2860rs.xml Introduced in Senate 2023-09-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s2860is/xml/BILLS-118s2860is.xml 2023-12-06 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.