SAFE Banking Act of 2026 Secure And Fair Enforcement Banking...
To create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses, and for other purposes.
HB9471, also known as the SAFE Banking Act of 2026, aims to protect financial institutions that offer services to businesses legally selling marijuana under state laws. This bill seeks to ensure these financial institutions are not penalized for providing banking services to a sector that remains federally illegal.
The bill would affect financial institutions, state-sanctioned marijuana businesses, and service providers for these businesses by providing them with legal protections against federal penalties. This would help these entities operate more smoothly and securely in states where marijuana is legal.
Introduced on June 25, 2026, HB9471 was referred to the Committee on Financial Services and additional committees for consideration. As of July 17, 2026, it has been referred to the Subcommittee on Economic Opportunity for further review.
