S. 1152 · 115th Congress
SAFE Banking Act
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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.
D
MerkleySponsor20 cosponsors · 15 D, 4 R, 1 I
D
Bennet
CC
D
Cortez Masto
CG
R
Gardner
PM
D
Murray
RP
R
Paul
BS
D
Schatz
RW
D
Wyden
EW
D
Warren
LM
R
Murkowski
BS
I
Sanders
AF
D
Franken
MH
D
Hirono
KH
D
Harris
EM
D
Markey
DS
R
Sullivan
HH
D
Heitkamp
BM
D
Menendez
TD
D
Duckworth
CB
D
Booker
PL
D
Leahy8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Secure and Fair Enforcement Banking Act or the SAFE Banking Act
What it does: CRS summary · Introduced in Senate · May 17, 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SAFE Banking Act
Also known as: Secure and Fair Enforcement Banking Act
Latest action (Jun 8, 2017): Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 17, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.