The Secure and Fair Enforcement (SAFE) Banking Act was first introduced to Congress in May of 2017 under the sponsorship of Sen. Jeff Merkley (D-OR) and Rep. Ed Perlmutter (D-CO).1It has been reintroduced several times, the latest in 2021 with sponsorship by Perlmutter in the House and...
Financial institutions face many challenges when providing banking and related activities to cannabis-related businesses in the U.S. Access this practice note to examine the legal and regulatory framework governing providing financial services to cannabis-related businesses under the Secure and Fair Enforce...
Safe Banking Act Key to Real ReformJackson, Jesse
SAFER Banking Act Approved by Senate Committee 10min0 The future of the bill remains an open question. StaffSeptember 20, 2023 BusinessDaily Hit The Daily Hit: September 20, 2023 5min0 The Daily Hit is a recap of the top financial news stories for Sept. 20, 2023. On The Site Cannabis...
美国众议院通过《安全银行法 (SAFE Banking Act) 》 目前,银行业改革法案将提交给美国参议院,该法案是否会被通过尚不确定。 2019年9月25日 埃里克·桑迪(Eric Sandy)和梅丽莎·席勒(Melissa Schiller) 美国众议院于9月25日以321比103票通过了《安全银行法》,这是华盛顿特区对大麻改革立法进行的首次主要投票。H.R...
The SAFE Banking Act was passed by the House of Representatives in 2019 and again in 2020 as part of a COVID-19 pandemic relief bill. Since then, the provisions of the legislation have been passed by the House five more times, as either a standalone measure or a part of other bills....
By Simon Johnson, co-author of 13 Bankers. On Wednesday, Senators Sherrod Brown and Ted Kaufman unveiled a “SAFE banking Act” with a clear and powerful purpose: Break up the big banks. The proposal places hard leverage and size caps on financial insti
For years, Oregon Senator Jeff Merkley has championed the SAFE Banking Act, a federal bill that would make banking services available to cannabis businesses in states where cannabis is legal. The bill has passed the House seven times in the last four yea
MIAMI (CBSMiami) – Even as the culture of cannabis goes mainstream across the country, marijuana-related businesses still face a huge hurdle for legitimacy.At the federal level, cannabis is still considered an illegal substance and therefore most banks are not allowed to do business with those ...
(the STATES Act). Both bills have been recently introduced in the 116th Congress and have not sat idle. The House Committee on Financial Services has approved the SAFE Banking Act for a full House vote, and the Attorney General has circulated the STATES Act to the Department of J...