House Bill 1996
117th Congress(2021-2022)
SAFE Banking Act of 2021
Active
Passed House on Apr 19, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1996
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
checkPassed on April 19, 2021
Question
On Motion to Suspend the Rules and Pass, as Amended
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
120
House Roll Call Votes
Yes
Alabama
Alabama
No
Alabama
Alabama
No
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alabama
Alabama
No
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alaska
Alaska
No
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
No
Arizona
Arizona
Yes
Arizona
Arizona
No
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
No
Arkansas
Arkansas
Yes
Arkansas
Arkansas
Yes
Arkansas
Arkansas
Yes
Arkansas
Arkansas
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
No
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
Colorado
Colorado
No
Colorado
Colorado
Yes
Colorado
Colorado
Yes
Colorado
Colorado
Yes
Colorado
Colorado
No
Colorado
Colorado
Didn't Vote
Colorado
Colorado
Yes
Connecticut
Connecticut
Yes
Connecticut
Connecticut
Yes
Connecticut
Connecticut
Yes
Connecticut
Connecticut
Yes
Connecticut
Connecticut
Yes
Delaware
Delaware
Yes
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
Didn't Vote
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Georgia
Georgia
No
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Georgia
Georgia
No
Georgia
Georgia
Yes
Georgia
Georgia
No
Georgia
Georgia
Yes
Georgia
Georgia
No
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Hawaii
Hawaii
Yes
Hawaii
Hawaii
Yes
Idaho
Idaho
No
Idaho
Idaho
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Didn't Vote
Illinois
Illinois
Yes
Illinois
Illinois
No
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
No
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Indiana
Indiana
Yes
Indiana
Indiana
No
Indiana
Indiana
No
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
No
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kentucky
Kentucky
No
Kentucky
Kentucky
No
Kentucky
Kentucky
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
Yes
Louisiana
Louisiana
No
Louisiana
Louisiana
No
Louisiana
Louisiana
No
Louisiana
Louisiana
No
Louisiana
Louisiana
Yes
Maine
Maine
Yes
Maine
Maine
No
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
Yes
Michigan
Michigan
No
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
No
Michigan
Michigan
No
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
No
Michigan
Michigan
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
No
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Mississippi
Mississippi
No
Mississippi
Mississippi
No
Mississippi
Mississippi
No
Mississippi
Mississippi
No
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Missouri
Missouri
No
Missouri
Missouri
No
Missouri
Missouri
No
Missouri
Missouri
No
Montana
Montana
Didn't Vote
Nebraska
Nebraska
Yes
Nebraska
Nebraska
No
Nebraska
Nebraska
Yes
Nevada
Nevada
Yes
Nevada
Nevada
Yes
Nevada
Nevada
Yes
Nevada
Nevada
Yes
New Hampshire
New Hampshire
Yes
New Hampshire
New Hampshire
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
No
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Mexico
New Mexico
No
New Mexico
New Mexico
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Didn't Vote
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
North Carolina
North Carolina
No
North Carolina
North Carolina
Didn't Vote
North Carolina
North Carolina
No
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
No
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
No
North Carolina
North Carolina
No
North Carolina
North Carolina
No
North Carolina
North Carolina
No
North Carolina
North Carolina
Yes
North Dakota
North Dakota
Yes
Ohio
Ohio
Yes
Ohio
Ohio
Didn't Vote
Ohio
Ohio
No
Ohio
Ohio
No
Ohio
Ohio
Yes
Ohio
Ohio
No
Ohio
Ohio
Yes
Ohio
Ohio
Yes
Ohio
Ohio
No
Ohio
Ohio
No
Ohio
Ohio
Yes
Ohio
Ohio
Yes
Ohio
Ohio
Yes
Ohio
Ohio
Yes
Ohio
Ohio
No
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
No
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
No
Oregon
Oregon
Yes
Oregon
Oregon
Yes
Oregon
Oregon
Yes
Oregon
Oregon
Yes
Oregon
Oregon
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
No
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Rhode Island
Rhode Island
Yes
Rhode Island
Rhode Island
Yes
South Carolina
South Carolina
No
South Carolina
South Carolina
No
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Dakota
South Dakota
No
Tennessee
Tennessee
No
Tennessee
Tennessee
No
Tennessee
Tennessee
Yes
Tennessee
Tennessee
No
Tennessee
Tennessee
Yes
Tennessee
Tennessee
No
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Texas
Texas
No
Texas
Texas
Yes
Texas
Texas
No
Texas
Texas
No
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
No
Texas
Texas
Yes
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
No
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Utah
Utah
Yes
Utah
Utah
No
Utah
Utah
Yes
Utah
Utah
Yes
Vermont
Vermont
Yes
Virginia
Virginia
No
Virginia
Virginia
No
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
No
Virginia
Virginia
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
West Virginia
West Virginia
Yes
West Virginia
West Virginia
Yes
West Virginia
West Virginia
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
No
Wyoming
Wyoming
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.
04/20/2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/19/2021
Motion to reconsider laid on the table Agreed to without objection.
04/19/2021
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 101 (Roll no. 120). (text: CR H1915-1918)
04/19/2021
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 101 (Roll no. 120).(text: CR H1915-1918)
04/19/2021
Considered as unfinished business. (consideration: CR H1942-1943)
04/19/2021
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
04/19/2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 1996.
04/19/2021
Considered under suspension of the rules. (consideration: CR H1915-1924)
04/19/2021
Mr. Perlmutter moved to suspend the rules and pass the bill, as amended.
03/18/2021
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.
03/18/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 8:26:33 PM