On the eve of 420, the U.S. House of Representatives has once again approved the Secure and Fair Enforcement (SAFE) Banking Act. The bipartisan legislation, reintroduced by Rep. Ed. Perlmutter (D-CO) earlier this year, overwhelmingly passed by a vote of 321-101 (including 106 Republicans) on Monday.
Less than a week after a bipartisan group of lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act into the House, the Senate has followed suit with its version. Refiled by Sens. Jeff Merkely (D-OR) and Steve Daines (R-MT) on Tuesday, the bill currently has 30 co-sponsors.
The Secure and Fair Enforcement (SAFE) Banking Act was officially reintroduced into the US House of Representatives on Thursday, giving American cannabis firms renewed hope for federally protected access to major banks and credit unions. The bipartisan bill was authored by Rep. Ed. Perlmutter (D-CO) and sponsored by Reps. Nydia Velazquez (D-NY), Steve Stivers (R-OH) and Warren Davidson (R-OH).
The U.S. House of Representatives last week passed an appropriations amendment that protects state-legal cannabis businesses from federal interference. Introduced by Reps. Earl Blumenauer (D-OR), Barbara Lee (D-CA), Tom McClintock (R-CA), and Eleanor Holmes Norton (D-DC), the bipartisan amendment to H.R. 7617 — the Department of Defense Appropriations Act of 2021 — was approved in a 254-163 floor
Language from the cannabis industry’s long-sought banking reform bill, the SAFE Banking Act, has been included in the House Democrats’ new $3 trillion coronavirus aid package. Unveiled Tuesday, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act includes protections for financial institutions working with state-approved marijuana businesses.
Sen. Mike Crapo’s inbox is overflowing. Over the last month, the republican from Idaho -- who serves as the chairman of the Senate Banking Committee -- has received several letters concerning the Secure and Fair Enforcement (SAFE) Banking Act, which would protect financial institutions working with state-approved cannabis companies.
In a historic display of bipartisanship, Democrats and Republicans in the U.S. House of Representatives came together on Wednesday to pass the Secure and Fair Enforcement (SAFE) Banking Act of 2019 by a vote of 321-103.