US HB1595 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 181-26)
Status: Engrossed on September 26 2019 - 50% progression
Action: 2019-09-26 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

SAFE Banking Act of 2019 Secure And Fair Enforcement Banking Act of 2019 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate marijuana-related business. Specifically, the bill prohibits a federal banking regulator from (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3) recommending, incentivizing, or encouraging a depository institution not to offer financial services to an account holder solely because the account holder is affiliated with such a business; (4) taking any adverse or corrective supervisory action on a loan made to a person solely because the person either owns such a business or owns real estate or equipment leased or sold to such a business; or (5) penalizing a depository institution for engaging in a financial service for such a business. As specified by the bill, a depository institution or a Federal Reserve bank shall not, under federal law, be liable or subject to forfeiture for providing a loan or other financial services to a legitimate marijuana-related business. The Government Accountability Office must report on (1) access to financial services for minority-owned and women-owned marijuana-related businesses; and (2) the effectiveness of suspicious-transaction reports at finding engagement with organized criminal activity in jurisdictions that allow the cultivation, sale, or distribution of marijuana.

Tracking Information

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Title

SAFE Banking Act of 2019 Secure And Fair Enforcement Banking Act of 2019

Sponsors

Rep. Ed Perlmutter [D-CO]Rep. Denny Heck [D-WA]Rep. Steve Stivers [R-OH]Rep. Warren Davidson [R-OH]
Rep. Pete Aguilar [D-CA]Rep. Nanette Barragan [D-CA]Rep. Don Beyer [D-VA]Rep. Earl Blumenauer [D-OR]
Rep. Suzanne Bonamici [D-OR]Rep. Brendan Boyle [D-PA]Rep. Anthony Brown [D-MD]Rep. Julia Brownley [D-CA]
Rep. Salud Carbajal [D-CA]Rep. Tony Cardenas [D-CA]Rep. Matthew Cartwright [D-PA]Rep. Kathy Castor [D-FL]
Rep. David Cicilline [D-RI]Rep. Gil Cisneros [D-CA]Rep. Katherine Clark [D-MA]Rep. Yvette Clarke [D-NY]
Rep. Steve Cohen [D-TN]Rep. Jim Cooper [D-TN]Rep. Luis Correa [D-CA]Rep. Joe Courtney [D-CT]
Rep. TJ Cox [D-CA]Rep. Charlie Crist [D-FL]Rep. Jason Crow [D-CO]Rep. Susan Davis [D-CA]
Rep. Peter DeFazio [D-OR]Rep. Diana DeGette [D-CO]Rep. Rosa DeLauro [D-CT]Rep. Suzan DelBene [D-WA]
Rep. Mark DeSaulnier [D-CA]Rep. Anna Eshoo [D-CA]Rep. Adriano Espaillat [D-NY]Rep. Bill Foster [D-IL]
Rep. Marcia Fudge [D-OH]Rep. Tulsi Gabbard [D-HI]Rep. Ruben Gallego [D-AZ]Rep. Jesus Garcia [D-IL]
Rep. Jimmy Gomez [D-CA]Rep. Vicente Gonzalez [D-TX]Rep. Alcee Hastings [D-FL]Rep. Katie Hill [D-CA]
Rep. Steven Horsford [D-NV]Rep. Jared Huffman [D-CA]Rep. Sheila Jackson-Lee [D-TX]Rep. Pramila Jayapal [D-WA]
Rep. Henry Johnson [D-GA]Rep. Ro Khanna [D-CA]Rep. Derek Kilmer [D-WA]Rep. Ann Kirkpatrick [D-AZ]
Rep. Raja Krishnamoorthi [D-IL]Rep. Al Lawson [D-FL]Rep. Barbara Lee [D-CA]Rep. Suzanne Lee [D-NV]
Rep. Andy Levin [D-MI]Rep. Mike Levin [D-CA]Rep. Ted Lieu [D-CA]Rep. Ben Lujan [D-NM]
Rep. Doris Matsui [D-CA]Rep. Betty McCollum [D-MN]Rep. James McGovern [D-MA]Rep. Gregory Meeks [D-NY]
Rep. Joseph Neguse [D-CO]Rep. Eleanor Norton [D-DC]Rep. Jimmy Panetta [D-CA]Rep. Christopher Pappas [D-NH]
Rep. Chellie Pingree [D-ME]Rep. Katie Porter [D-CA]Rep. Mike Quigley [D-IL]Rep. Jamie Raskin [D-MD]
Rep. Bobby Rush [D-IL]Rep. Tim Ryan [D-OH]Rep. Harley Rouda [D-CA]Rep. Janice Schakowsky [D-IL]
Rep. Kurt Schrader [D-OR]Rep. Brad Sherman [D-CA]Rep. Albio Sires [D-NJ]Rep. Adam Smith [D-WA]
Rep. Darren Soto [D-FL]Rep. Jackie Speier [D-CA]Rep. Eric Swalwell [D-CA]Rep. Dina Titus [D-NV]
Rep. Norma Torres [D-CA]Rep. Juan Vargas [D-CA]Rep. Nydia Velazquez [D-NY]Rep. Bonnie Coleman [D-NJ]
Rep. Peter Welch [D-VT]Rep. Susan Wild [D-PA]Rep. John Yarmuth [D-KY]Rep. Rodney Davis [R-IL]
Rep. Duncan Hunter [R-CA]Rep. David Joyce [R-OH]Rep. Dan Newhouse [R-WA]Rep. Don Young [R-AK]
Rep. James Himes [D-CT]Rep. David Loebsack [D-IA]Rep. Zoe Lofgren [D-CA]Rep. Alan Lowenthal [D-CA]
Rep. Carolyn Maloney [D-NY]Rep. Sean Maloney [D-NY]Rep. Mark Takano [D-CA]Rep. Mike Thompson [D-CA]
Rep. Matt Gaetz [R-FL]Rep. Denver Riggleman [R-VA]Rep. David Scott [D-GA]Rep. Maxine Waters [D-CA]
Rep. Kim Schrier [D-WA]Rep. Mark Amodei [R-NV]Rep. Troy Balderson [R-OH]Rep. Mark Pocan [D-WI]
Rep. Gerald Connolly [D-VA]Rep. Tom McClintock [R-CA]Rep. Ami Bera [D-CA]Rep. Bill Pascrell [D-NJ]
Rep. John Larson [D-CT]Rep. Scott Peters [D-CA]Rep. Greg Stanton [D-AZ]Rep. Rick Larsen [D-WA]
Rep. Linda Sanchez [D-CA]Rep. Raul Grijalva [D-AZ]Rep. Josh Harder [D-CA]Rep. Michael San Nicolas [D-GU]
Rep. Brian Higgins [D-NY]Rep. Jared Golden [D-ME]Rep. Ed Case [D-HI]Rep. Grace Meng [D-NY]
Rep. Joaquin Castro [D-TX]Rep. Seth Moulton [D-MA]Rep. Madeleine Dean [D-PA]Rep. Debra Haaland [D-NM]
Rep. Dwight Evans [D-PA]Rep. Ann Kuster [D-NH]Rep. Daniel Kildee [D-MI]Rep. Jerrold Nadler [D-NY]
Rep. Raul Ruiz [D-CA]Rep. Richard Neal [D-MA]Rep. Ayanna Pressley [D-MA]Rep. Conor Lamb [D-PA]
Rep. Elissa Slotkin [D-MI]Rep. Theodore Deutch [D-FL]Rep. Michael Doyle [D-PA]Rep. Lacy Clay [D-MO]
Rep. Haley Stevens [D-MI]Rep. Jennifer Wexton [D-VA]Rep. Mary Gay Scanlon [D-PA]Rep. Karen Bass [D-CA]
Rep. Stephanie Murphy [D-FL]Rep. Brenda Lawrence [D-MI]Rep. Rebecca Sherrill [D-NJ]Rep. Cheri Bustos [D-IL]
Rep. Jerry McNerney [D-CA]Rep. Elaine Luria [D-VA]Rep. Anthony Brindisi [D-NY]Rep. Greg Steube [R-FL]
Rep. David Trone [D-MD]Rep. Thomas Massie [R-KY]Rep. Guy Reschenthaler [R-PA]Rep. Donald Norcross [D-NJ]
Rep. Fred Upton [R-MI]Rep. John Sarbanes [D-MD]Rep. Jim Banks [R-IN]Rep. Abby Finkenauer [D-IA]
Rep. Debbie Dingell [D-MI]Rep. Rashida Tlaib [D-MI]Rep. Sharice Davids [D-KS]Rep. Dan Meuser [R-PA]
Rep. Tom Malinowski [D-NJ]Rep. Kelly Armstrong [R-ND]Rep. Filemon Vela [D-TX]Rep. Sanford Bishop [D-GA]
Rep. Bob Gibbs [R-OH]Rep. Gwen Moore [D-WI]Rep. Cindy Axne [D-IA]Rep. Antonio Delgado [D-NY]
Rep. Xochitl Torres Small [D-NM]Rep. Kendra Horn [D-OK]Rep. Jeff Van Drew [D-NJ]Rep. Lisa Rochester [D-DE]
Rep. Abigail Spanberger [D-VA]Rep. Chrissy Houlahan [D-PA]Rep. Joseph Kennedy [D-MA]Rep. Lauren Underwood [D-IL]
Rep. Hakeem Jeffries [D-NY]Rep. James Comer [R-KY]Rep. John Garamendi [D-CA]Rep. Jenniffer Gonzalez-Colon [R-PR]
Rep. Paul Tonko [D-NY]Rep. Don Bacon [R-NE]Rep. Donald Payne [D-NJ]Rep. Bennie Thompson [D-MS]
Rep. Debbie Mucarsel-Powell [D-FL]Rep. Adam Schiff [D-CA]Rep. Donna Shalala [D-FL]Rep. Judy Chu [D-CA]
Rep. Lucille Roybal-Allard [D-CA]Rep. Veronica Escobar [D-TX]Rep. Alma Adams [D-NC]Rep. Lois Frankel [D-FL]
Rep. Sean Casten [D-IL]Rep. Tom Graves [R-GA]Rep. Chris Collins [R-NY]Rep. Anthony Gonzalez [R-OH]
Rep. Joseph Morelle [D-NY]Rep. Emanuel Cleaver [D-MO]Rep. Jim Costa [D-CA]

Roll Calls

2019-09-25 - House - On motion to suspend the rules and pass the bill, as amended RC# 544 (Y: 321 N: 103 NV: 9 Abs: 0) [PASS]

History

DateChamberAction
2019-09-26SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2019-09-25HouseMotion to reconsider laid on the table Agreed to without objection.
2019-09-25HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 103 (Roll no. 544). (text: CR H7962-7964)
2019-09-25HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 1595.
2019-09-25HouseConsidered under suspension of the rules. (consideration: CR H7962-7974)
2019-09-25HouseMr. Perlmutter moved to suspend the rules and pass the bill, as amended.
2019-06-05HousePlaced on the Union Calendar, Calendar No. 78.
2019-06-05HouseCommittee on the Judiciary discharged.
2019-06-05HouseReported (Amended) by the Committee on Financial Services. H. Rept. 116-104, Part I.
2019-04-08HouseReferred to the Subcommittee on Crime, Terrorism, and Homeland Security.
2019-03-28HouseOrdered to be Reported (Amended) by the Yeas and Nays: 45 - 15.
2019-03-28HouseCommittee Consideration and Mark-up Session Held.
2019-03-27HouseCommittee Consideration and Mark-up Session Held.
2019-03-26HouseCommittee Consideration and Mark-up Session Held.
2019-03-07HouseReferred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-07HouseReferred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-07HouseIntroduced in House

Same As/Similar To

SB1200 (Related) 2019-04-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


Bill Comments

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