Proposed
Bill · 119th Congress · HR 9471
SAFE Banking Act of 2026
Refreshed 3 h ago
Introduced 2026-06-25Topic: economy jobs · criminal justice · housingSummary
AI-generated summary, report an errorThis bill would bar federal banking regulators from penalizing banks, credit unions, and similar institutions solely for providing financial services to marijuana businesses that operate legally under state or tribal law, or to companies that serve them. It would state that money from such state-legal marijuana businesses is not considered proceeds of unlawful activity under federal money laundering laws, and would shield banks, insurers, and their employees from federal liability for serving these businesses. It would require income from state-legal marijuana businesses to be treated like other legal income when qualifying for federally backed home loans. It would also limit when federal agencies can order banks to close customer accounts, apply the same protections to hemp businesses, and require reports and studies on access to banking services.
Sponsors
- David P. Joyce Republican sponsor
- 9 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-07-17 | House | Referred to the Subcommittee on Economic Opportunity. | refer |
| 2026-06-25 | House | Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, 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. | refer |
| 2026-06-25 | House | Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, 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. | refer |
| 2026-06-25 | House | Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, 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. | refer |
| 2026-06-25 | Introduced in House | introduce | |
| 2026-06-25 | Introduced in House | introduce |