Next week Congress will vote on a bipartisan bill that has been designed to protect banks that service the marijuana industry from being penalized by federal regulators.
The legislation, called the Secure and Fair Enforcement (SAFE) Banking Act is going before the House Financial Services Committee on Tuesday.
Reps. Ed Perlmutter (D-CO) Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH) are the chief sponsors of the bill. It was formally filed earlier this month, and currently has 138 cosponsors.
Rep. Perlmutter tweeted, “After no action for 6 years, #SAFEBanking has received its first hearing and will see its first vote next week. Glad to have the support of 138+ cosponsors as we work to address the #cannabis banking issue and get cash off our streets.”
