Browsing: Marijuana

Newsbytes

The four bipartisan lead sponsors of the SAFE Banking Act—passed by the House last fall—yesterday wrote to Senate Banking Chairman Mike Crapo (R-Ohio) cautioning him not to limit the bill’s safe harbor for financial institutions that choose to serve legitimate cannabis businesses in states where it is legal.

Policy

After Senate Banking Committee Chairman Mike Crapo (R-Idaho) raised concerns last month about the ABA-supported SAFE Banking Act, ABA today responded to those concerns and urged him to advance the SAFE Banking Act or similar legislation on cannabis banking this year.

Newsbytes

The American Bankers Association joined a coalition of housing and insurance groups in a letter to Senate Banking Committee leaders today urging them to provide a safe harbor for depository institutions seeking to serve legitimate cannabis related businesses in states where such activity is legal.

Newsbytes

The Senate’s version of a cannabis banking bill could include additional measures not included in the SAFE Banking Act, which passed the House by a bipartisan vote this week, Senate Banking Committee Chairman Mike Crapo (R-Idaho) said on Thursday.

Newsbytes

In an interview with Bloomberg TV today, ABA President and CEO Rob Nichols commended House lawmakers for passing the bipartisan SAFE Banking Act—a bill that would enable banks to serve customers in states that have legalized cannabis—earlier this week and expressed optimism for the bill’s prospects in the Senate.

Compliance and Risk

In a press conference at the U.S. Capitol today, American Bankers Association President and CEO Rob Nichols joined Reps. Ed Perlmutter (D-Colo.), Steve Stivers (R-Ohio) and Earl Blumenauer (D-Ore.) in congratulating members of the House for last night’s passage of the SAFE Banking Act,

Policy

With a vote expected on H.R. 1595, the SAFE Banking Act, as early as tomorrow, ABA today wrote to House leaders offering support for the bipartisan bill, which would provide clarity about serving legitimate cannabis businesses.

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