A Republican bill with 5 Democratic cosponsors · See all 9 cosponsors
Last activity — Referred to the Subcommittee on Economic Opportunity.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "SAFE Banking Act of 2026," aims to create protections for financial institutions that provide services to State-sanctioned marijuana businesses and service providers. It establishes a safe harbor to prevent federal regulators from taking adverse actions against depository institutions for providing these services. The legislation also extends protections to hemp-related legitimate businesses and their service providers. Additionally, it addresses the treatment of income from these businesses for the purpose of qualifying for federally backed mortgages. Finally, the bill includes requirements for guidance, examinations, and studies regarding diversity and inclusion within these industries.
Yes· 3 of 12
- Scored +7
Would business owners be better off under this?
The bill creates a safe harbor for businesses and their owners from federal banking penalties and asset forfeiture.
- Scored +6
Does this make it easier to run a small business?
The bill provides legal protections and banking access for small State-sanctioned marijuana and hemp businesses.
- Scored +5
Would veterans be better off under this, taking everything together?
The bill expands mortgage eligibility through the Department of Veterans Affairs for those with marijuana-related income.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protections for Financial Institutions: Depository institutions are protected from having their deposit insurance terminated or being penalized solely because they provide services to State-sanctioned marijuana businesses or service providers (Section 3).
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Legal Protections for Business Operations: Proceeds from marijuana-related activities of a State-sanctioned marijuana business conducting activity in compliance with State, Indian Tribe, or political subdivision law shall not be considered proceeds from an unlawful activity (Section 4).
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Liability Shield for Financial Entities: Depository institutions, community development financial institutions, and insurers, along with their officers and employees, may not be held liable under Federal law solely for providing financial services to these businesses (Section 5).
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Mortgage Eligibility: Income derived from a State-sanctioned marijuana business operating in compliance with local laws will be considered legal income when determining eligibility for a federally backed single-family mortgage loan (Section 9).
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Collateral Protection: Entities with a legal interest in collateral for loans provided to owners, employees, or operators of State-sanctioned marijuana businesses—or those leasing real estate/equipment to them—will not be subject to criminal, civil, or administrative forfeiture solely for providing those services (Section 5).
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Support for Hemp Businesses: The bill directs federal banking regulators to update guidance to address the needs of hemp-related legitimate businesses and service providers (Section 8).
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Focus on Diversity and Inclusion: Federal banking regulators must submit annual reports on the availability of financial services for minority, veteran, women, and small State-sanctioned marijuana and hemp businesses (Section 11).
Potential Negative Impacts for People
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No Requirement to Provide Services: The bill explicitly states that nothing within the Act shall require a depository institution, community development financial institution, or insurer to provide financial services to a State-sanctioned marijuana business, service provider, or any other business (Section 15).
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National Security Exceptions: Federal banking agencies may still order the termination of customer accounts if they believe the customer poses a threat to national security or is involved in terrorist financing (Section 10).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill creates a safe harbor for businesses and their owners from federal banking penalties and asset forfeiture. Would veterans be better off under this, taking everything together? — The bill expands mortgage eligibility through the Department of Veterans Affairs for those with marijuana-related income. Would Black Americans be better off under this? — The bill includes provisions to study and report on financial access barriers for minority-owned businesses. Would Hispanic Americans be better off under this? — The bill includes provisions to study and report on financial access barriers for minority-owned businesses. Would women be better off under this? — The bill requires federal reporting on the availability of financial services for women-owned businesses. Would households on low incomes be better off under this? — By recognizing marijuana-related income for mortgages, it helps qualify more individuals for homeownership. Would middle-income households be better off under this? — The bill facilitates easier mortgage access for individuals working in the State-sanctioned marijuana industry.
- Social Issues And Justice
- Does this make housing cost less? — The bill allows income from State-sanctioned marijuana businesses to be used for qualifying for federally backed mortgages. Does this narrow racial gaps in how people are treated? — The bill mandates annual reports and GAO studies specifically focused on barriers to financial services for minority-owned businesses.
- Economy And Finance
- Does this make it easier to run a small business? — The bill provides legal protections and banking access for small State-sanctioned marijuana and hemp businesses.
- National Security And Foreign Policy
- Does this increase the pay, pensions or support veterans receive? — The bill allows income from marijuana businesses to be used for mortgage qualification through the Department of Veterans Affairs.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires federal banking agencies to submit annual reports on account terminations and diversity in financial access.
- 8/20/2026
- 2 Cosponsors added.
- 7/17/2026
- Referred to the Subcommittee on Economic Opportunity.
- 6/25/2026
- Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, 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.
- 7 Cosponsors added.
- Introduced in House
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
J. CorreaDemocrat · California
Troy CarterDemocrat · Louisiana
Warren DavidsonRepublican · Ohio
James HimesDemocrat · Connecticut
Brian MastRepublican · Florida
Mike RogersRepublican · Alabama
Guy ReschenthalerRepublican · Pennsylvania
Dina TitusDemocrat · Nevada
Nydia VelázquezDemocrat · New York