ICBA released a one-page summary
and answers to frequently asked questions
on House-passed legislation to establish a cannabis-banking safe harbor in states where cannabis is legal.
Following last month's bipartisan House vote sending the SAFE Banking Act (H.R. 1595) to the Senate, the ICBA resources detail what's in the legislation and how it would benefit community banks and local communities.
The bipartisan bill would establish a safe harbor in states where cannabis is legal. As the first national banking trade group to support the SAFE Banking Act, ICBA has long worked to advance this policy to curb regulatory uncertainty and reduce public safety risks.