Bipartisan measure to improve public safety, transparency, and access to capital with SAFE Banking Act would protect financial institutions working with state-legal cannabis businesses
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The SAFE Banking Act Reintroduced
WASHINGTON, D.C. – On Tuesday, a bipartisan group of lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the U.S. Senate. This legislation, which was introduced by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT) along with 27 original cosponsors, would protect banks and other financial institutions from federal prosecution simply for providing services to cannabis businesses that are operating in compliance with state laws.
