The House advanced an ICBA-advocated cannabis banking safe harbor as part of a fiscal 2023 defense authorization bill.
Details: Passing the bipartisan SAFE Banking Act as part of the National Defense Authorization Act (H.R. 7900) marks the seventh time the House has passed the ICBA-supported cannabis banking bill.
ICBA Advocacy: In a letter to House leaders last week, ICBA and other groups urged lawmakers to include the cannabis banking safe harbor in the defense bill, noting current policy poses public safety risks.
Next: ICBA will continue advocating passage of the SAFE Banking Act in the Senate.