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

Titles (5)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

SAFE Banking Act of 2021
Secure And Fair Enforcement Banking Act of 2021

Short Title(s) as Introduced

SAFE Banking Act of 2021
Secure And Fair Enforcement Banking Act of 2021

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To create protections for financial institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses, and for other purposes.

Actions Overview (2)

Date Actions Overview
04/19/2021Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 101 (Roll no. 120).(text: CR H1915-1918)
03/18/2021Introduced in House

All Actions (11)

Date Chamber All Actions
04/20/2021SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/19/2021-7:08pmHouseMotion to reconsider laid on the table Agreed to without objection.
04/19/2021-7:08pmHouseOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 101 (Roll no. 120). (text: CR H1915-1918)
04/19/2021-6:29pmHouseConsidered as unfinished business. (consideration: CR H1942-1943)
04/19/2021-5:00pmHouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
04/19/2021-4:19pmHouseDEBATE - The House proceeded with forty minutes of debate on H.R. 1996.
04/19/2021-4:19pmHouseConsidered under suspension of the rules. (consideration: CR H1915-1924)
04/19/2021-4:19pmHouseMr. Perlmutter moved to suspend the rules and pass the bill, as amended.
03/18/2021HouseReferred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
03/18/2021HouseReferred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
03/18/2021HouseIntroduced in House

Cosponsors (180)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Velazquez, Nydia M. [D-NY-7]* 03/18/2021
Rep. Stivers, Steve [R-OH-15]* 03/18/2021
Rep. Davidson, Warren [R-OH-8]* 03/18/2021
Rep. Blumenauer, Earl [D-OR-3]* 03/18/2021
Rep. Lee, Barbara [D-CA-13]* 03/18/2021
Rep. Joyce, David P. [R-OH-14]* 03/18/2021
Rep. Correa, J. Luis [D-CA-46]* 03/18/2021
Rep. Maloney, Carolyn B. [D-NY-12]* 03/18/2021
Rep. Meuser, Daniel [R-PA-9]* 03/18/2021
Rep. Casten, Sean [D-IL-6]* 03/18/2021
Rep. Bonamici, Suzanne [D-OR-1]* 03/18/2021
Rep. Lawrence, Brenda L. [D-MI-14]* 03/18/2021
Rep. Lawson, Al, Jr. [D-FL-5]* 03/18/2021
Rep. Panetta, Jimmy [D-CA-20]* 03/18/2021
Rep. Matsui, Doris O. [D-CA-6]* 03/18/2021
Rep. Espaillat, Adriano [D-NY-13]* 03/18/2021
Rep. Gaetz, Matt [R-FL-1]* 03/18/2021
Rep. Crist, Charlie [D-FL-13]* 03/18/2021
Rep. Watson Coleman, Bonnie [D-NJ-12]* 03/18/2021
Rep. Foster, Bill [D-IL-11]* 03/18/2021
Rep. Vargas, Juan [D-CA-51]* 03/18/2021
Rep. Clarke, Yvette D. [D-NY-9]* 03/18/2021
Rep. Houlahan, Chrissy [D-PA-6]* 03/18/2021
Rep. Kilmer, Derek [D-WA-6]* 03/18/2021
Rep. Stevens, Haley M. [D-MI-11]* 03/18/2021
Del. Norton, Eleanor Holmes [D-DC-At Large]* 03/18/2021
Rep. Hastings, Alcee L. [D-FL-20]* 03/18/2021
Rep. Slotkin, Elissa [D-MI-8]* 03/18/2021
Rep. Titus, Dina [D-NV-1]* 03/18/2021
Rep. Welch, Peter [D-VT-At Large]* 03/18/2021
Rep. Sherman, Brad [D-CA-30]* 03/18/2021
Rep. Brownley, Julia [D-CA-26]* 03/18/2021
Rep. Carbajal, Salud O. [D-CA-24]* 03/18/2021
Rep. Huffman, Jared [D-CA-2]* 03/18/2021
Rep. Neguse, Joe [D-CO-2]* 03/18/2021
Rep. Strickland, Marilyn [D-WA-10]* 03/18/2021
Rep. Wild, Susan [D-PA-7]* 03/18/2021
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]* 03/18/2021
Rep. DeFazio, Peter A. [D-OR-4]* 03/18/2021
Rep. Evans, Dwight [D-PA-3]* 03/18/2021
Rep. Moore, Gwen [D-WI-4]* 03/18/2021
Rep. Clark, Katherine M. [D-MA-5]* 03/18/2021
Rep. Grijalva, Raul M. [D-AZ-3]* 03/18/2021
Rep. Meeks, Gregory W. [D-NY-5]* 03/18/2021
Rep. Dean, Madeleine [D-PA-4]* 03/18/2021
Rep. Tonko, Paul [D-NY-20]* 03/18/2021
Rep. Young, Don [R-AK-At Large]* 03/18/2021
Rep. Schakowsky, Janice D. [D-IL-9]* 03/18/2021
Rep. Gallego, Ruben [D-AZ-7]* 03/18/2021
Rep. Blunt Rochester, Lisa [D-DE-At Large]* 03/18/2021
Rep. Tlaib, Rashida [D-MI-13]* 03/18/2021
Rep. Peters, Scott H. [D-CA-52]* 03/18/2021
Rep. Trahan, Lori [D-MA-3]* 03/18/2021
Rep. Dingell, Debbie [D-MI-12]* 03/18/2021
Rep. Rice, Kathleen M. [D-NY-4]* 03/18/2021
Rep. Reschenthaler, Guy [R-PA-14]* 03/18/2021
Rep. Scott, David [D-GA-13]* 03/18/2021
Rep. Thompson, Mike [D-CA-5]* 03/18/2021
Rep. DeGette, Diana [D-CO-1]* 03/18/2021
Rep. Scanlon, Mary Gay [D-PA-5]* 03/18/2021
Rep. Higgins, Brian [D-NY-26]* 03/18/2021
Rep. Speier, Jackie [D-CA-14]* 03/18/2021
Rep. Axne, Cynthia [D-IA-3]* 03/18/2021
Rep. Gonzalez, Vicente [D-TX-15]* 03/18/2021
Rep. Mace, Nancy [R-SC-1]* 03/18/2021
Rep. McCollum, Betty [D-MN-4]* 03/18/2021
Rep. Lowenthal, Alan S. [D-CA-47]* 03/18/2021
Rep. McGovern, James P. [D-MA-2]* 03/18/2021
Rep. Pressley, Ayanna [D-MA-7]* 03/18/2021
Rep. Garamendi, John [D-CA-3]* 03/18/2021
Rep. Lieu, Ted [D-CA-33]* 03/18/2021
Rep. Luria, Elaine G. [D-VA-2]* 03/18/2021
Rep. Himes, James A. [D-CT-4]* 03/18/2021
Rep. Crow, Jason [D-CO-6]* 03/18/2021
Rep. Levin, Andy [D-MI-9]* 03/18/2021
Rep. Williams, Nikema [D-GA-5]* 03/18/2021
Rep. Davis, Rodney [R-IL-13]* 03/18/2021
Rep. Auchincloss, Jake [D-MA-4]* 03/18/2021
Rep. Barr, Andy [R-KY-6]* 03/18/2021
Rep. Hayes, Jahana [D-CT-5]* 03/18/2021
Rep. Gibbs, Bob [R-OH-7]* 03/18/2021
Rep. McClintock, Tom [R-CA-4]* 03/18/2021
Rep. DeSaulnier, Mark [D-CA-11]* 03/18/2021
Rep. Courtney, Joe [D-CT-2]* 03/18/2021
Rep. Kuster, Ann M. [D-NH-2]* 03/18/2021
Rep. Morelle, Joseph D. [D-NY-25]* 03/18/2021
Rep. Pascrell, Bill, Jr. [D-NJ-9]* 03/18/2021
Rep. Jones, Mondaire [D-NY-17]* 03/18/2021
Rep. Wexton, Jennifer [D-VA-10]* 03/18/2021
Rep. Beyer, Donald S., Jr. [D-VA-8]* 03/18/2021
Rep. Krishnamoorthi, Raja [D-IL-8]* 03/18/2021
Rep. Cicilline, David N. [D-RI-1]* 03/18/2021
Rep. Boyle, Brendan F. [D-PA-2]* 03/18/2021
Rep. DelBene, Suzan K. [D-WA-1]* 03/18/2021
Rep. Raskin, Jamie [D-MD-8]* 03/18/2021
Rep. Quigley, Mike [D-IL-5]* 03/18/2021
Rep. Case, Ed [D-HI-1]* 03/18/2021
Rep. Kildee, Daniel T. [D-MI-5]* 03/18/2021
Rep. Bera, Ami [D-CA-7]* 03/18/2021
Resident Commissioner Gonzalez-Colon, Jenniffer [R-PR-At Large]* 03/18/2021
Rep. Kirkpatrick, Ann [D-AZ-2]* 03/18/2021
Rep. Cleaver, Emanuel [D-MO-5]* 03/18/2021
Rep. Frankel, Lois [D-FL-21]* 03/18/2021
Rep. Stanton, Greg [D-AZ-9]* 03/18/2021
Rep. Swalwell, Eric [D-CA-15]* 03/18/2021
Rep. Jeffries, Hakeem S. [D-NY-8]* 03/18/2021
Rep. Yarmuth, John A. [D-KY-3]* 03/18/2021
Rep. Amodei, Mark E. [R-NV-2] 03/19/2021
Rep. Armstrong, Kelly [R-ND-At Large] 03/19/2021
Rep. Waters, Maxine [D-CA-43] 03/26/2021
Rep. Escobar, Veronica [D-TX-16] 03/26/2021
Rep. Takano, Mark [D-CA-41] 03/26/2021
Rep. Cartwright, Matt [D-PA-8] 03/26/2021
Rep. Craig, Angie [D-MN-2] 03/26/2021
Rep. Murphy, Stephanie N. [D-FL-7] 03/26/2021
Rep. Horsford, Steven [D-NV-4] 03/26/2021
Rep. Gonzalez, Anthony [R-OH-16] 03/26/2021
Rep. Malinowski, Tom [D-NJ-7] 03/26/2021
Rep. Deutch, Theodore E. [D-FL-22] 03/26/2021
Rep. Lamb, Conor [D-PA-17] 03/26/2021
Rep. Smith, Adam [D-WA-9] 03/26/2021
Rep. Jayapal, Pramila [D-WA-7] 03/26/2021
Rep. Balderson, Troy [R-OH-12] 03/26/2021
Rep. Newhouse, Dan [R-WA-4] 03/26/2021
Rep. Upton, Fred [R-MI-6] 04/05/2021
Rep. Schrader, Kurt [D-OR-5] 04/05/2021
Rep. Schiff, Adam B. [D-CA-28] 04/05/2021
Rep. Kelly, Robin L. [D-IL-2] 04/05/2021
Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] 04/05/2021
Rep. Barragan, Nanette Diaz [D-CA-44] 04/05/2021
Rep. Torres, Ritchie [D-NY-15] 04/05/2021
Rep. Ryan, Tim [D-OH-13] 04/05/2021
Rep. Brown, Anthony G. [D-MD-4] 04/05/2021
Rep. Sanchez, Linda T. [D-CA-38] 04/05/2021
Rep. Sires, Albio [D-NJ-8] 04/05/2021
Del. San Nicolas, Michael F. Q. [D-GU-At Large] 04/05/2021
Rep. Cooper, Jim [D-TN-5] 04/05/2021
Rep. Bacon, Don [R-NE-2] 04/05/2021
Rep. Kahele, Kaiali'i [D-HI-2] 04/05/2021
Rep. Chu, Judy [D-CA-27] 04/05/2021
Rep. Pappas, Chris [D-NH-1] 04/08/2021
Rep. Pocan, Mark [D-WI-2] 04/08/2021
Rep. Connolly, Gerald E. [D-VA-11] 04/08/2021
Rep. Castor, Kathy [D-FL-14] 04/08/2021
Rep. DeLauro, Rosa L. [D-CT-3] 04/08/2021
Rep. McNerney, Jerry [D-CA-9] 04/08/2021
Rep. Aguilar, Pete [D-CA-31] 04/08/2021
Rep. Larson, John B. [D-CT-1] 04/14/2021
Rep. Emmer, Tom [R-MN-6] 04/14/2021
Rep. Meijer, Peter [R-MI-3] 04/14/2021
Rep. Adams, Alma S. [D-NC-12] 04/14/2021
Rep. Newman, Marie [D-IL-3] 04/16/2021
Rep. Bustos, Cheri [D-IL-17] 04/16/2021
Rep. Eshoo, Anna G. [D-CA-18] 04/16/2021
Rep. Timmons, William R. IV [R-SC-4] 04/16/2021
Rep. Davis, Danny K. [D-IL-7] 04/16/2021
Rep. Porter, Katie [D-CA-45] 04/16/2021
Rep. Delgado, Antonio [D-NY-19] 04/16/2021
Rep. Lee, Susie [D-NV-3] 04/16/2021
Rep. Costa, Jim [D-CA-16] 04/16/2021
Rep. Roybal-Allard, Lucille [D-CA-40] 04/16/2021
Rep. Trone, David J. [D-MD-6] 04/16/2021
Rep. Larsen, Rick [D-WA-2] 04/16/2021
Rep. Leger Fernandez, Teresa [D-NM-3] 04/16/2021
Rep. Green, Al [D-TX-9] 04/16/2021
Rep. Pingree, Chellie [D-ME-1] 04/16/2021
Rep. Bowman, Jamaal [D-NY-16] 04/16/2021
Rep. Bush, Cori [D-MO-1] 04/16/2021
Rep. Comer, James [R-KY-1] 04/19/2021
Rep. Gomez, Jimmy [D-CA-34] 04/19/2021
Rep. Lofgren, Zoe [D-CA-19] 04/19/2021
Rep. Ross, Deborah K. [D-NC-2] 04/19/2021
Rep. Castro, Joaquin [D-TX-20] 04/19/2021
Rep. Torres, Norma J. [D-CA-35] 04/19/2021
Rep. Rush, Bobby L. [D-IL-1] 04/19/2021
Rep. Meng, Grace [D-NY-6] 04/19/2021
Rep. Bice, Stephanie I. [R-OK-5] 04/19/2021
Rep. Mrvan, Frank J. [D-IN-1] 04/19/2021
Rep. Miller-Meeks, Mariannette [R-IA-2] 04/19/2021
Rep. Davids, Sharice [D-KS-3] 04/19/2021

Committees (3)

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 Services03/18/2021 Referred to
House Judiciary03/18/2021 Referred to
Senate Banking, Housing, and Urban Affairs04/20/2021 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Latest Summary (2)

There are 2 summaries for H.R.1996. View summaries

Shown Here:
Passed House (04/19/2021)

Secure and Fair Enforcement Banking Act of 2021 or the SAFE Banking Act of 2021

This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. Prohibited penalties include terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate cannabis-related business and prohibiting or otherwise discouraging a depository institution from offering financial services to such a business.

Additionally, proceeds from a transaction involving activities of a legitimate cannabis-related business are not considered proceeds from unlawful activity. Proceeds from unlawful activity are subject to anti-money laundering laws.

Furthermore, a depository institution is not, under federal law, liable or subject to asset forfeiture for providing a loan or other financial services to a legitimate cannabis-related business.

The bill also provides that a federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.

Finally, the bill decreases the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)