LEGISLATION: FEDERAL

Secure And Fair Enforcement Banking Act of 2019

H.R.1595 — 116th Congress (2019-2020) · Rep. Perlmutter, Ed [D-CO-7] · last updated

Committee Reports: H. Rept. 116-104

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Related Knowledge Center: Cannabis: banking

State of Play

Cannabis advocates are seeking passage of federal legislation to protect banks from additional liability for offering their services to cannabis businesses operating in states where sales are legal. While cannabis sales and use are legal in numerous states, they remain illegal under federal law. As a result of that legal gray area, cannabis businesses operating legally within their states often find it difficult to obtain banking services.

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