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United States · Bill · S

S. 1152 (115th)

SAFE Banking Act

openUnited States· United States Congress· EN

Introduced

17 May 2017

Last action

8 June 2017 · Committee

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.

Sponsors

Sen. Merkley, Jeff [D-OR], Sen. Paul, Rand [R-KY], Sen. Bennet, Michael F. [D-CO], Sen. Wyden, Ron [D-OR], Sen. Warren, Elizabeth [D-MA], Sen. Murray, Patty [D-WA], Sen. Cortez Masto, Catherine [D-NV], Sen. Schatz, Brian [D-HI], Sen. Gardner, Cory [R-CO], Sen. Murkowski, Lisa [R-AK], Sen. Sanders, Bernard [I-VT], Sen. Franken, Al [D-MN], Sen. Hirono, Mazie K. [D-HI], Sen. Harris, Kamala D. [D-CA], Sen. Markey, Edward J. [D-MA], Sen. Sullivan, Dan [R-AK], Sen. Heitkamp, Heidi [D-ND], Sen. Menendez, Robert [D-NJ], Sen. Duckworth, Tammy [D-IL], Sen. Booker, Cory A. [D-NJ], Sen. Leahy, Patrick J. [D-VT]

Subjects

Discovery layer

Source updated

11 August 2025

Official sourceDownload fileView documentsShare

Summary

Secure and Fair Enforcement Banking Act or the SAFE Banking Act 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 or sold 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 a loan or other financial services to a legitimate marijuana-related business.

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

Timeline

  1. 17 May 2017

    Introduced

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

    Source: IntroReferral

  2. 17 May 2017

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 8 June 2017

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 May 2017

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 May 2017

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 May 2017

    Open at official source

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Sponsors

Related records

Sources

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