Monthly Archives: March 2019

Issue: This morning, the House Financial Services Committee passed H.R. 1595, “The Secure And Fair Enforcement (S.A.F.E.) Banking Act,” by a vote of 45-15. 11 Republicans joined Democrats in passing the legislation. Impact: The S.A.F.E Banking Act would prohibit Federal regulators from punishing financial institutions that accept deposits from cannabis businesses that are operating legally […]

Issue: Next Tuesday, the House Financial Services will hold a markup ofH.R. 1595, “The Secure And Fair Enforcement (S.A.F.E.) Banking Act,”introduced by Rep. Ed Perlmutter (D-CO), and Rep. Stivers (R-OH), among another 143 bipartisan co-sponsors. This legislation would allow cannabis-related businesses access to financial services and exempt them from Federal prosecution for providing services legal […]