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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Industrial Hemp Banking Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To create protections for depository institutions that provide financial services to industrial hemp legitimate businesses, and for other purposes.

Actions Overview (1)

Date Actions Overview
12/21/2017Introduced in House

All Actions (2)

Date All Actions
12/21/2017Referred to the House Committee on Financial Services.
Action By: House of Representatives
12/21/2017Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Himes, James A. [D-CT-4]* 12/21/2017
Rep. Polis, Jared [D-CO-2]* 12/21/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services12/21/2017 Referred to

No related bill information was received for H.R.4711.

Latest Summary (1)

There is one summary for H.R.4711. View summaries

Shown Here:
Introduced in House (12/21/2017)

Industrial Hemp Banking Act

This 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 industrial hemp 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; or (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 to such a business.

As specified by the bill, a depository institution shall not, under federal law, be liable or subject to forfeiture for providing financial services to a legitimate industrial hemp business.