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H.R. 2215 · 115th Congress

SAFE Act of 2017

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

EPD PerlmutterSponsor
95 cosponsors · 82 D, 13 R
EBD Blumenauer JCD Conyers SCD Cohen JCD Courtney MCR Coffman JCD Correa DDD DeGette SDD DelBene JDD Delaney DHR Hunter DHD Heck PJD Jayapal RKD Kihuen BLD Lee TLD Lieu JLR Lewis JMD McGovern BMD McCollum END Norton JPD Polis MPD Pocan SPD Peters DRR Rohrabacher BSD Sherman KSD Schrader ESD Swalwell DTD Titus DYR Young JHD Huffman MLR Love BOD O’Rourke ASD Smith SBD Bonamici PDD DeFazio TRD Ryan TMR McClintock JRD Rosen PAD Aguilar MGR Gaetz DSD Soto DBD Beyer MCD Capuano RGD Grijalva KSD Sinema JMD McNerney AHD Hastings DKD Kilmer MTD Thompson DSD Scott ZLD Lofgren CPD Pingree TCD Cárdenas MDD DeSaulnier RKD Khanna ALD Lowenthal JPD Panetta JBD Brownley CMD Maloney DCD Cicilline RGD Gallego DKD Kildee MLD Lujan Grisham MQD Quigley JSD Schakowsky TGD Gabbard PWD Welch CCR Curbelo RBD Brady KCD Castor RCR Costello TDD Deutch GMD Meeks SMD Maloney BPD Pascrell JRD Raskin JSD Speier JVD Vargas BWD Watson Coleman SMD Moulton AED Eshoo ASD Schiff CCD Crist GMD Moore RDR Davis SCD Carbajal DJR Joyce RKD Krishnamoorthi DMD Matsui SDD Davis BBD Boyle MTD Takano BLD Lawrence DTR Trott NVD Velázquez KCD Clark

28 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Secure and Fair Enforcement Banking Act of 2017 or the SAFE Act of 2017

What it does: CRS summary · Introduced in House · Apr 27, 2017

Secure and Fair Enforcement Banking Act of 2017 or the SAFE Act of 2017

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 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 financial services to a legitimate marijuana-related business.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: SAFE Act of 2017

Also known as: Secure And Fair Enforcement Banking Act of 2017

Latest action (Sep 21, 2017): Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 27, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.