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HR1996: Secure And Fair Enforcement Banking Act of 2021
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HR1996
Secure And Fair Enforcement Banking Act of 2021

1
Roll Calls
218
Yea (latest vote)
68
Nay (latest vote)
House
2021-04-19 – 2021-04-19

About HR1996

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.

Summary

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

Who Voted How on HR1996

Filter by Yea, Nay, or Absent

Vote Breakdown — HR1996

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

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Frequently Asked

What is HR1996?

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.

Who sponsored HR1996?

HR1996 was sponsored by Rep. Perlmutter, Ed [D-CO-7] (D-CO). Cosponsors and roll-call positions are listed on this page.

What is the current status of HR1996?

As of 2021-04-20, HR1996 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs..

How did Congress vote on HR1996?

HR1996 has had 1 roll-call vote on record. The most recent: 2021-04-19 — 2/3 Yea-And-Nay (Passed).

What policy area does HR1996 cover?

HR1996 is categorized under "Finance and Financial Sector." Browse other bills in this area at /topic-finance-and-financial-sector/.

Where can I see all member positions on HR1996?

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.