SAFE Banking Act of 2023
Issue: Banking Fairness
Latest Action: Hearing held on
This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. It also includes language that bars banks from terminating accounts if the reason is solely based on reputation risk.
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Bill Status
- Introduced
- Passed First Committee
- Passed First Chamber
- Passed Both Committees
- Passed Both Chambers
- Enacted
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