🏦 SAFE Banking Act of 2023

Issue: Banking Fairness

Latest Action: Hearing held on May 10, 2023

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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Read the Bill: US SB 1323 US HR 2891
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Bill Status
  • Introduced
  • Passed First Committee
  • Passed First Chamber
  • Passed Both Committees
  • Passed Both Chambers
  • Signed
  • Enacted
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