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United States · Bill · HR

H.R. 1996 (117th)

Secure And Fair Enforcement Banking Act of 2021

referredUnited States· United States Congress· EN

Introduced

18 March 2021

Last action

20 April 2021 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Perlmutter, Ed [D-CO-7], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Stivers, Steve [R-OH-15], Rep. Davidson, Warren [R-OH-8], Rep. Blumenauer, Earl [D-OR-3], Rep. Lee, Barbara [D-CA-12], Rep. Joyce, David P. [R-OH-14], Rep. Correa, J. Luis [D-CA-46], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Meuser, Daniel [R-PA-9], Rep. Casten, Sean [D-IL-6], Rep. Bonamici, Suzanne [D-OR-1], Rep. Lawrence, Brenda L. [D-MI-14], Rep. Lawson, Al, Jr. [D-FL-5], Rep. Panetta, Jimmy [D-CA-19], Rep. Matsui, Doris O. [D-CA-7], Rep. Espaillat, Adriano [D-NY-13], Rep. Gaetz, Matt [R-FL-1], Rep. Crist, Charlie [D-FL-13], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Foster, Bill [D-IL-11], Rep. Vargas, Juan [D-CA-52], Rep. Clarke, Yvette D. [D-NY-9], Rep. Houlahan, Chrissy [D-PA-6], Rep. Kilmer, Derek [D-WA-6], Rep. Stevens, Haley M. [D-MI-11], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Hastings, Alcee L. [D-FL-20], Sen. Slotkin, Elissa [D-MI], Rep. Titus, Dina [D-NV-1], Sen. Welch, Peter [D-VT], Rep. Sherman, Brad [D-CA-32], Rep. Brownley, Julia [D-CA-26], Rep. Carbajal, Salud O. [D-CA-24], Rep. Huffman, Jared [D-CA-2], Rep. Neguse, Joe [D-CO-2], Rep. Strickland, Marilyn [D-WA-10], Rep. Wild, Susan [D-PA-7], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. DeFazio, Peter A. [D-OR-4], Rep. Evans, Dwight [D-PA-3], Rep. Moore, Gwen [D-WI-4], Rep. Clark, Katherine M. [D-MA-5], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Meeks, Gregory W. [D-NY-5], Rep. Dean, Madeleine [D-PA-4], Rep. Tonko, Paul [D-NY-20], Rep. Young, Don [R-AK-At Large]

Subjects

Discovery layer

Source updated

5 December 2025

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Summary

Secure and Fair Enforcement Banking Act of 2021 or the SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. Prohibited penalties include terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate cannabis-related business and prohibiting or otherwise discouraging a depository institution from offering financial services to such a business. Additionally, proceeds from a transaction involving activities of a legitimate cannabis-related business are not considered proceeds from unlawful activity. Proceeds from unlawful activity are subject to anti-money laundering laws. Furthermore, a depository institution is not, under federal law, liable or subject to asset forfeiture for providing a loan or other financial services to a legitimate cannabis-related business. The bill also provides that a federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 March 2021

    Introduced

    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.

    Source: IntroReferral

  2. 18 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 19 April 2021

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1996.

    Source: Floor

  5. 19 April 2021

    Floor

    Mr. Perlmutter moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  6. 19 April 2021

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  7. 19 April 2021

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 101 (Roll no. 120). (text: CR H1915-1918)

    Source: Floor

  8. 19 April 2021

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 101 (Roll no. 120).(text: CR H1915-1918)

    Source: Floor

  9. 19 April 2021

    Floor

    Considered under suspension of the rules. (consideration: CR H1915-1924)

    Source: Floor

  10. 19 April 2021

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  11. 20 April 2021

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

19 April 2021 · passed · On Motion to Suspend the Rules and Pass, as Amended · Passed · Official source

Yes 321 · No 101 · Abstain — · Absent/not voting 7

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

8 official files

Referred in Senate (text)

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Leesvertaling

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  • Referred in Senate (text)

    Referred in Senate · EN · 20 April 2021

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 20 April 2021

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  • Engrossed in House (text)

    Engrossed in House · EN · 19 April 2021

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 19 April 2021

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  • Passed House

    summary · EN · 19 April 2021

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  • Introduced in House (text)

    Introduced in House · EN · 18 March 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 18 March 2021

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  • Introduced in House

    summary · EN · 18 March 2021

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Sponsors

Showing 48 of 184 sponsors and actors.

Related records

Sources

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