SAFE Banking Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 8
- Latest action
- Jun 24, 2026
What it does
The SAFE Banking Act of 2026 would protect financial institutions that provide services to state-sanctioned marijuana businesses and related service providers from federal penalties, including the termination of deposit insurance or other adverse actions by federal banking regulators. It clarifies that proceeds from compliant state-licensed marijuana activities are not considered unlawful under federal anti-money laundering laws, enabling banks to serve these businesses without fear of prosecution. The bill also extends similar protections to hemp-related businesses and service providers, and includes provisions for diversity reporting, GAO studies, and guidance on examination procedures…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.