To create protections for depository institutions that provide financial services to cannabis-related legitimate businesses, and for other purposes.
USA115th CongressHR-2215| House
| Updated: 9/21/2017
Ed Perlmutter
Democratic Representative
Colorado
Cosponsors (95)
Brenda L. Lawrence (Democratic)Mia B. Love (Republican)Tim Ryan (Democratic)Ruben Gallego (Democratic)Jared Huffman (Democratic)Adam B. Schiff (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Don Young (Republican)Mark Pocan (Democratic)David N. Cicilline (Democratic)Jackie Speier (Democratic)Darren Soto (Democratic)Derek Kilmer (Democratic)Carolyn B. Maloney (Democratic)Joe Courtney (Democratic)Pete Aguilar (Democratic)David Scott (Democratic)Juan Vargas (Democratic)Jimmy Panetta (Democratic)J. Luis Correa (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Tom McClintock (Republican)Katherine M. Clark (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Susan A. Davis (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Dana Rohrabacher (Republican)Michael E. Capuano (Democratic)Carlos Curbelo (Republican)Peter A. DeFazio (Democratic)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)Michelle Lujan Grisham (Democratic)Ro Khanna (Democratic)Alan S. Lowenthal (Democratic)Sean Patrick Maloney (Democratic)Kurt Schrader (Democratic)Brendan F. Boyle (Democratic)David P. Joyce (Republican)Mark DeSaulnier (Democratic)Kyrsten Sinema (Independent)John Conyers (Democratic)Rodney Davis (Republican)Jacky Rosen (Democratic)Doris O. Matsui (Democratic)Gregory W. Meeks (Democratic)Ryan A. Costello (Republican)Raja Krishnamoorthi (Democratic)Theodore E. Deutch (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Pramila Jayapal (Democratic)Kathy Castor (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Jason Lewis (Republican)Bonnie Watson Coleman (Democratic)Denny Heck (Democratic)Tulsi Gabbard (Democratic)Salud O. Carbajal (Democratic)Jamie Raskin (Democratic)Ruben J. Kihuen (Democratic)Mike Quigley (Democratic)Donald S. Beyer (Democratic)Diana DeGette (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Adam Smith (Democratic)Nydia M. Velázquez (Democratic)Julia Brownley (Democratic)Jerry McNerney (Democratic)Beto O'Rourke (Democratic)Jared Polis (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Matt Gaetz (Republican)Charlie Crist (Democratic)Robert A. Brady (Democratic)Seth Moulton (Democratic)Mike Thompson (Democratic)Suzanne Bonamici (Democratic)David A. Trott (Republican)Zoe Lofgren (Democratic)Mike Coffman (Republican)Gwen Moore (Democratic)John K. Delaney (Democratic)Alcee L. Hastings (Democratic)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Duncan D. Hunter (Republican)
Crime and Federal Government Surveillance Subcommittee, Financial Services Committee, Judiciary Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Secure and Fair Enforcement Banking Act of 2017 or the SAFE Act of 2017 This bill prohibits a federal banking regulator from: (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3) recommending, incentivizing, or encouraging a depository institution not to offer financial services to an account holder solely because the account holder is affiliated with such a business; or (4) taking any adverse or corrective supervisory action on a loan made to a person solely because the person either owns such a business or owns real estate or equipment leased to such a business. As specified by the bill, a depository institution shall not, under federal law, be liable or subject to forfeiture for providing financial services to a legitimate marijuana-related business.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest Companion Bill Action
S 115-1152Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulationCivil actions and liabilityCredit and credit marketsCriminal investigation, prosecution, interrogationCriminal justice information and recordsDrug trafficking and controlled substancesFinancial services and investmentsFraud offenses and financial crimesGovernment information and archives
To create protections for depository institutions that provide financial services to cannabis-related legitimate businesses, and for other purposes.
USA115th CongressHR-2215| House
| Updated: 9/21/2017
Secure and Fair Enforcement Banking Act of 2017 or the SAFE Act of 2017 This bill prohibits a federal banking regulator from: (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3) recommending, incentivizing, or encouraging a depository institution not to offer financial services to an account holder solely because the account holder is affiliated with such a business; or (4) taking any adverse or corrective supervisory action on a loan made to a person solely because the person either owns such a business or owns real estate or equipment leased to such a business. As specified by the bill, a depository institution shall not, under federal law, be liable or subject to forfeiture for providing financial services to a legitimate marijuana-related business.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest Companion Bill Action
S 115-1152Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Ed Perlmutter
Democratic Representative
Colorado
Cosponsors (95)
Brenda L. Lawrence (Democratic)Mia B. Love (Republican)Tim Ryan (Democratic)Ruben Gallego (Democratic)Jared Huffman (Democratic)Adam B. Schiff (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Don Young (Republican)Mark Pocan (Democratic)David N. Cicilline (Democratic)Jackie Speier (Democratic)Darren Soto (Democratic)Derek Kilmer (Democratic)Carolyn B. Maloney (Democratic)Joe Courtney (Democratic)Pete Aguilar (Democratic)David Scott (Democratic)Juan Vargas (Democratic)Jimmy Panetta (Democratic)J. Luis Correa (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Tom McClintock (Republican)Katherine M. Clark (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Susan A. Davis (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Dana Rohrabacher (Republican)Michael E. Capuano (Democratic)Carlos Curbelo (Republican)Peter A. DeFazio (Democratic)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)Michelle Lujan Grisham (Democratic)Ro Khanna (Democratic)Alan S. Lowenthal (Democratic)Sean Patrick Maloney (Democratic)Kurt Schrader (Democratic)Brendan F. Boyle (Democratic)David P. Joyce (Republican)Mark DeSaulnier (Democratic)Kyrsten Sinema (Independent)John Conyers (Democratic)Rodney Davis (Republican)Jacky Rosen (Democratic)Doris O. Matsui (Democratic)Gregory W. Meeks (Democratic)Ryan A. Costello (Republican)Raja Krishnamoorthi (Democratic)Theodore E. Deutch (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Pramila Jayapal (Democratic)Kathy Castor (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Jason Lewis (Republican)Bonnie Watson Coleman (Democratic)Denny Heck (Democratic)Tulsi Gabbard (Democratic)Salud O. Carbajal (Democratic)Jamie Raskin (Democratic)Ruben J. Kihuen (Democratic)Mike Quigley (Democratic)Donald S. Beyer (Democratic)Diana DeGette (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Adam Smith (Democratic)Nydia M. Velázquez (Democratic)Julia Brownley (Democratic)Jerry McNerney (Democratic)Beto O'Rourke (Democratic)Jared Polis (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Matt Gaetz (Republican)Charlie Crist (Democratic)Robert A. Brady (Democratic)Seth Moulton (Democratic)Mike Thompson (Democratic)Suzanne Bonamici (Democratic)David A. Trott (Republican)Zoe Lofgren (Democratic)Mike Coffman (Republican)Gwen Moore (Democratic)John K. Delaney (Democratic)Alcee L. Hastings (Democratic)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Duncan D. Hunter (Republican)
Crime and Federal Government Surveillance Subcommittee, Financial Services Committee, Judiciary Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationCivil actions and liabilityCredit and credit marketsCriminal investigation, prosecution, interrogationCriminal justice information and recordsDrug trafficking and controlled substancesFinancial services and investmentsFraud offenses and financial crimesGovernment information and archives