Bill
Bill > S910
summary
Introduced
03/23/2021
03/23/2021
In Committee
03/23/2021
03/23/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To create protections for financial institutions that provide financial services to cannabis-related legitimate busi- nesses and service providers for such businesses, and for other purposes.
AI Summary
This bill, the Secure And Fair Enforcement Banking Act of 2021 (SAFE Banking Act of 2021), aims to create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers. It prohibits federal banking regulators from taking adverse actions against these financial institutions solely for providing such services. The bill also provides protections under federal law for these financial institutions, federal reserve banks, and federal home loan banks, as well as insurers engaging in the business of insurance with cannabis-related legitimate businesses and service providers. Additionally, the bill clarifies requirements for filing suspicious activity reports related to cannabis-related legitimate businesses and service providers, and directs federal banking regulators to issue guidance and examination procedures for depository institutions providing services to these entities.
Committee Categories
Housing and Urban Affairs
Sponsors (43)
Jeff Merkley (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Roy Blunt (R),
Bill Cassidy (R),
Susan Collins (R),
Chris Coons (D),
Catherine Cortez Masto (D),
Kevin Cramer (R),
Steve Daines (R),
Tammy Duckworth (D),
Dick Durbin (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Martin Heinrich (D),
John Hickenlooper (D),
Mazie Hirono (D),
Tim Kaine (D),
Mark Kelly (D),
Angus King (I),
Amy Klobuchar (D),
Patrick Leahy (D),
Ben Ray Luján (D),
Cynthia Lummis (R),
Ed Markey (D),
Bob Menendez (D),
Lisa Murkowski (R),
Chris Murphy (D),
Patty Murray (D),
Alex Padilla (D),
Rand Paul (R),
Gary Peters (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Kyrsten Sinema (I),
Tina Smith (D),
Debbie Stabenow (D),
Dan Sullivan (R),
Jon Tester (D),
Mark Warner (D),
Elizabeth Warren (D),
Ron Wyden (D),
Last Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 09/08/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/910/all-info |
| BillText | https://www.congress.gov/117/bills/s910/BILLS-117s910is.pdf |
| Bill | https://www.congress.gov/117/bills/s910/BILLS-117s910is.pdf.pdf |
Loading...