WASHINGTON—Sens. Mark Kelly (D-AZ), Jacky Rosen (D-NV), Gary Peters (D-MI), Kevin Cramer (R-ND) and Angus King (I-ME) have written to the Senate Armed Services Committee calling for the inclusion of the Secure and Fair Enforcement (SAFE) Banking Act as an amendment in the fiscal year 2022 National Defense Authorization Act (NDAA).
The House-passed NDAA includes the SAFE Banking Act; the Senate is expected to consider its version of the NDAA as soon as next week. As CUToday.info has reported, once the Senate acts, Congress will need to reconcile the differences between the two bills to come up with a final NDAA package.
"The [SAFE Banking Act] as included in the House-passed NDAA, would allow banks, credit unions, and other financial institutions to offer banking services to legally-operating cannabis businesses without fear of punishment by federal regulators," wrote the senators.
"Allowing cannabis businesses operating legally and in compliance with state law to access financial services without federal reprisal would address public safety and compliance challenges, helping communities reduce cash-motivated crimes," added the senators.