Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019
This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate marijuana-related business. Specifically, the 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; (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; or (5) penalizing a depository institution for processing or collecting payments for 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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-09-26 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2019-09-25 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2019-09-25 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 103 (Roll no. 544). (text: CR H7962-7964) | House floor actions |
| 2019-09-25 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 1595. | House floor actions |
| 2019-09-25 | Floor | Considered under suspension of the rules. (consideration: CR H7962-7974) | House floor actions |
| 2019-09-25 | Floor | Mr. Perlmutter moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2019-06-05 | Calendars | Placed on the Union Calendar, Calendar No. 78. | House floor actions |
| 2019-06-05 | Discharge | Committee on the Judiciary discharged. | House floor actions |
| 2019-06-05 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 116-104, Part I. | House floor actions |
| 2019-04-08 | Committee | Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. | House committee actions |
| 2019-03-28 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 45 - 15. | House committee actions |
| 2019-03-28 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2019-03-27 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2019-03-26 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2019-03-07 | IntroReferral | 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. | House floor actions |
| 2019-03-07 | IntroReferral | 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. | House floor actions |
| 2019-03-07 | IntroReferral | Introduced in House | Library of Congress |