ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

ABA-backed SAFE Banking Act re-introduced in Congress

June 25, 2026
Reading Time: 1 min read
ABA-backed SAFE Banking Act re-introduced in Congress

Sen. Jeff Merkley (D-Ore.) and Rep. Dave Joyce (R-Ohio) today re-introduced the SAFE Banking Act, which would help resolve the conflict between federal and state laws on cannabis that hinder financial institutions. Specifically, the SAFE Banking Act would prevent regulators from prohibiting or discouraging financial institutions from serving cannabis businesses in states where it is legal. It would also clarify that proceeds from state-legal marijuana businesses are not considered proceeds from unlawful activity under anti-money laundering laws.

The American Bankers Association has long championed the SAFE Banking Act, which has passed the House on numerous prior occasions. ABA President and CEO Rob Nichols applauded Merkley, Joyce and their bipartisan group of co-sponsors.

“We urge Congress to advance this bipartisan legislation so banks can finally provide financial services to state-licensed cannabis businesses, as well as the growing number of accountants, skilled trades, landlords, law firms and other service providers they rely on to do business,” Nichols said. “For years, the conflict between state and federal cannabis laws has left many cannabis businesses operating in cash, creating significant public safety risks in states where it’s been legalized. The SAFE Banking Act would provide banks with a clear federal safe harbor, allowing them to serve state-legal businesses while increasing transparency for law enforcement and reducing risks to the public.”

Tags: MarijuanaSAFE Banking Act
ShareTweetPin

Related Posts

ABA, groups urge FHA to improve loss mitigation options for borrowers

ABA urges FHA to revise RAP demonstration before launch

Mortgage
September 18, 2026

ABA expressed support for FHA's proposed voluntary Reinstatement Advance Payment, or RAP, demonstration, but also offered several recommendations to ensure mortgagees are fully equipped to participate in the demonstration and borrowers are treated fairly and consistently.

Kentucky community bankers make case for right-sizing regulation

Kentucky community bankers make case for right-sizing regulation

Community Banking
September 18, 2026

One -size-fits-all regulation does not work for community banks, which is why legislation is needed to better tailor regulation and promote de novo bank formation, Kentucky community bankers told House lawmakers.

ABA DataBank: Treasury yield spread narrows since start of year

ABA DataBank: Treasury yield spread narrows since start of year

Economy
September 18, 2026

While both rates have increased and the yield curve remains upward sloping, it has flattened as the two-year yield has risen faster than the 10-year yield, suggesting that the market expects the Fed to keep short-term interest rates...

Post-mortem reports on bank failures highlight supervisory missteps, call for changes

Bowman: Independent review finds regulatory tailoring had no role in SVB failure

Compliance and Risk
September 18, 2026

Delays in supervisory action ahead of the Silicon Valley Bank failure were not caused by regulatory tailoring mandates, despite an earlier Federal Reserve report alleging they were, Vice Chair for Supervision Michelle Bowman said, citing preliminary results from...

Industrial production rose in March

Industrial production was unchanged in August

Economy
September 18, 2026

Industrial production was unchanged in August, after edging up 0.2% in July. In August, manufacturing output decreased 0.3%, and the index for mining and utilities rose 0.1% and 1.8%, respectively.

ABA, BPI seek transparency around Fed stress tests

Bowman: Fed to consider changes to stress test handling of noninterest income

Compliance and Risk
September 18, 2026

The Federal Reserve will soon propose a revised stress test model for noninterest income to better capture business diversity across firms, Vice Chair for Supervision Michelle Bowman said.

NEWSBYTES

ABA urges FHA to revise RAP demonstration before launch

September 18, 2026

Kentucky community bankers make case for right-sizing regulation

September 18, 2026

ABA DataBank: Treasury yield spread narrows since start of year

September 18, 2026

SPONSORED CONTENT

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026
Taming AI Agent Sprawl: A Playbook for Consumer Lending

Taming AI Agent Sprawl: A Playbook for Consumer Lending

September 1, 2026
Grow Public Deposits Without the Operational Burden End Fragment

Grow Public Deposits Without the Operational Burden End Fragment

September 1, 2026

PODCASTS

Podcast: Making the jump from a high performer to a high-performing leader

September 16, 2026

Podcast: Remembering 9/11, a quarter century later

September 10, 2026

Podcast: Banking the brave new world of college athletics

August 4, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.