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.
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,
On Sept. 25, the House passed a landmark cannabis bill: the ABA-backed SAFE Banking Act, which would provide clarity to financial institutions seeking to serve legitimate marijuana businesses.
By a bipartisan vote of 321 to 103 tonight, the House passed the SAFE Banking Act, the ABA-supported bill that would provide clarity to financial institutions seeking to serve legitimate cannabis businesses.
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.
With the House expected to vote on the SAFE Banking Act as early as next week, the American Bankers Association today joined three financial trade associations in urging lawmakers to pass the bill, which would allow depository institutions to serve the needs of customers in states where cannabis is legal.
Senate Banking Committee Chairman Mike Crapo (R-Idaho) signaled today that he will hold a committee vote on a bill that would help financial institutions serve marijuana-related businesses in states with legal cannabis.
On the latest episode of the ABA Banking Journal Podcast, Mark Haden talks about how Colorado National Bank developed a program to provide deposit services to cannabis-related customers in its home market of Denver.
In testimony today before the Senate Banking Committee, American Bankers Association banker Joanne Sherwood urged lawmakers to pass the bipartisan SAFE Banking Act, which would allow financial institutions to serve cannabis-related businesses in states that have legalized the drug.
In a joint op-ed in Fox Business today, ABA President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.