
Secure And Fair Enforcement Banking Act of 2021
Policy Area: Finance and Financial Sector
Sponsor: Rep. Perlmutter, Ed [D-CO-7] (D-CO)
Latest Action (2021-04-20): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Secure and Fair Enforcement Banking Act of 2021 or the SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. Prohibited penalties include terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate cannabis-related business and prohibiting or otherwise discouraging a depository institution from offering financial services to such a business. Additionally, proceeds from a transaction involving activities of a legitimate cannabis-related business are not considered proceeds from unlawful activity. Proceeds from unlawful activity are subject to anti-money laundering laws. Furthermore, a depository institution is not, under federal law, liable or subject to asset forfeiture for providing a loan or other financial services to a legitimate cannabis-related business. The bill also provides that a federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism. Finally, the bill decreases the cap on the surplus funds of
Subjects: Administrative law and regulatory procedures, Asia, Bank accounts, deposits, capital, Banking and financial institutions regulation, Business records, Congressional oversight, Consumer affairs, Credit and credit markets
Filter by Yea, Nay, or Absent
How members voted on HR1996. 289 total positions across all roll calls for this bill.
| Member | Date | Question | Vote | Result |
|---|---|---|---|---|
| Robert B. Aderholt (R-Alabama) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Jake Auchincloss (D-Massachusetts) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Mark E. Amodei (R-Nevada) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Alma S. Adams (D-North Carolina) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Pete Aguilar (D-California) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Rick W. Allen (R-Georgia) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Jodey C. Arrington (R-Texas) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Sanford D. Bishop (D-Georgia) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Cliff Bentz (R-Oregon) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Stephanie I. Bice (R-Oklahoma) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Lauren Boebert (R-Colorado) | 2021-04-19 | 2/3 Yea-And-Nay | Not Voting | Passed |
| Gus M. Bilirakis (R-Florida) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Vern Buchanan (R-Florida) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Suzanne Bonamici (D-Oregon) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Joyce Beatty (D-Ohio) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Andy Barr (R-Kentucky) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Julia Brownley (D-California) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Ami Bera (D-California) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Brian Babin (R-Texas) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Donald S. Beyer (D-Virginia) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Mike Bost (R-Illinois) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Brendan F. Boyle (D-Pennsylvania) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Don Bacon (R-Nebraska) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Jim Banks (R-Indiana) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Nanette Diaz Barragán (D-California) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Jack Bergman (R-Michigan) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Andy Biggs (R-Arizona) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Lisa Blunt Rochester (D-Delaware) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Ted Budd (R-North Carolina) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Troy Balderson (R-Ohio) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| James R. Baird (R-Indiana) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Tim Burchett (R-Tennessee) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Ken Calvert (R-California) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| James E. Clyburn (D-South Carolina) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Kat Cammack (R-Florida) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| John R. Carter (R-Texas) | 2021-04-19 | 2/3 Yea-And-Nay | Nay | Passed |
| Tom Cole (R-Oklahoma) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Ed Case (D-Hawaii) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Jim Costa (D-California) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Emanuel Cleaver (D-Missouri) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Henry Cuellar (D-Texas) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Kathy Castor (D-Florida) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Yvette D. Clarke (D-New York) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Steve Cohen (D-Tennessee) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Joe Courtney (D-Connecticut) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| André Carson (D-Indiana) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Judy Chu (D-California) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Eric A. "Rick" Crawford (R-Arkansas) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Joaquin Castro (D-Texas) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
| Katherine M. Clark (D-Massachusetts) | 2021-04-19 | 2/3 Yea-And-Nay | Yea | Passed |
Showing 50 of 289 positions. JavaScript-enabled view supports filter by Yea/Nay/Absent and pagination.
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HR1996 is the Secure And Fair Enforcement Banking Act of 2021, introduced in the House of the 119th U.S. Congress by Rep. Perlmutter, Ed [D-CO-7] (D-CO). Secure and Fair Enforcement Banking Act of 2021 or the SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. Prohibited penalties include terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate cannabis-related business and prohibiting or otherwise discouraging a depository institution from offering financial services to such a business.
HR1996 was sponsored by Rep. Perlmutter, Ed [D-CO-7] (D-CO). Cosponsors and roll-call positions are listed on this page.
As of 2021-04-20, HR1996 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs..
HR1996 has had 1 roll-call vote on record. The most recent: 2021-04-19 — 2/3 Yea-And-Nay (Passed).
HR1996 is categorized under "Finance and Financial Sector." Browse other bills in this area at /topic-finance-and-financial-sector/.
Each member’s vote is shown on this page, with party affiliation, state, and the official vote question. Click any member to see their full voting record.