Latest action: 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.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Allows banks to serve cannabis businesses without federal penalties.
The problem
Banks avoid cannabis businesses due to federal drug laws, forcing cash-only operations. This creates safety and tax compliance issues.
The proposal
Protects banks from federal prosecution for banking cannabis companies in states where it's legal. Creates safe harbor for financial institutions.
The impact
Banks, cannabis businesses, and consumers benefit from safer transactions. Federal law enforcement loses jurisdiction over banking relationships.
Cannabis businesses won't need to handle large amounts of cash, reducing robbery and violence risks. Consumers can use safer payment methods instead of cash.
Banks can track cannabis business finances, making tax reporting easier. Governments collect more accurate tax revenue from these businesses.
Cannabis companies can access loans, checking accounts, and other banking services. This helps legal cannabis businesses compete and grow.
Allows states to regulate cannabis without federal banking interference. Respects state legalization decisions made by voters.
Cannabis remains federally illegal, creating ongoing legal uncertainty. Banks may still face liability despite the safe harbor.
Easier banking access could help criminals launder illegal drug money through legal cannabis businesses. Banks must implement stronger monitoring systems.
Banks need new compliance procedures and staff training to serve cannabis clients safely. Regulatory uncertainty may limit bank participation.
Only protects state-legal cannabis operations, leaving federal law unchanged. Doesn't address other banking-related cannabis issues.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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