Browsing: Marijuana

Newsbytes ABA, state associations urge passage of SAFE Act

Ahead of a hearing on the SAFE Banking Act in the Senate Banking Committee this week, ABA and 51 state bankers associations urged lawmakers to advance the bill as soon as possible, emphasizing that it would benefit law enforcement efforts, tax collection and public safety.

Newsbytes ABA offers strong support for bipartisan SAFE Act

ABA this week wrote to congressional leaders to offer strong support for the bipartisan SAFE Banking Act, bill long championed by the association that would address the conflict between state law and federal law over cannabis banking.

Newsbytes Sen. Scott sees chance for SAFE Banking Act this Congress

Senate Banking Committee Ranking Member Tim Scott (R-S.C.) said he and Chairman Sherrod Brown (D-Ohio) are in agreement that the SAFE Banking Act “should go through regular order,” rather than rushing it to the floor and risking opposition on procedural grounds during ABA’s Washington Summit.

Newsbytes House-Passed Defense Bill Includes SAFE Banking Act

The House on Thursday passed the 2023 National Defense Authorization Act, which included the SAFE Banking Act—a bill long advocated by ABA that would enable financial institutions to serve legitimate cannabis businesses in states where it is legal.

Newsbytes Financial trade groups urge Congress to include SAFE Act in NDAA

The American Bankers Association joined the Independent Community Bankers of America, the Credit Union National Association and National Association of Federally Insured Credit Unions in a letter to House leaders urging them to include the SAFE Banking Act as an amendment to the 2023 National Defense Authorization Act.

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