ICBA Issues Explainers on Cannabis-Banking Bill

Oct 09, 2019
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.