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H.R. 2891 · 118th Congress · 2023–2024

SAFE Banking Act of 2023

H.R. 2891 in the 118th Congress (2023–2024) was introduced on Apr 26, 2023, sponsored by David P. Joyce with 130 co-sponsors.

During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.

Status
Introduced
Introduced
Apr 26, 2023
Co-sponsors
130
Policy area
Finance and Financial Sector

What it does

Secure and Fair Enforcement Banking Act of 2023 or the SAFE Banking Act of 2023 This bill provides protections for federally regulated financial institutions that serve state-sanctioned marijuana businesses. Currently, many financial institutions do not provide services to state-sanctioned marijuana businesses due to the federal classification of marijuana as a Schedule I controlled substance.

Summary by the nonpartisan Congressional Research Service.

Sponsor

David P. Joyce (R-OH). Co-sponsors: 104 Democrats, 26 Republicans.

Where it stands

  • IntroducedApr 26, 2023
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the Subcommittee on Economic Opportunity. (May 3, 2023)

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Committees

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 2891 (118th Congress): SAFE Banking Act of 2023,” https://www.capitolreceipts.com/bill/118-hr-2891/safe-banking-act-of-2023 (accessed 2026-10-17).