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ARTICLE · 24 SEPTEMBER 2021

U.S. House Votes SAFE Banking Legislation Into Defense Bill

Perkins Coie LLP
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Late last evening, the U.S. House of Representatives passed SAFE Banking legislation by voice vote, offered as an amendment to the National Defense Authorization Act.

United StatesCannabis & Hemp
Barak Cohen
Barak Cohen
Michael Bleicher
Michael Bleicher
Juan J. Fonseca Angel
Juan J. Fonseca Angel

Late last evening, the U.S. House of Representatives passed SAFE Banking legislation by voice vote, offered as an amendment to the National Defense Authorization Act (NDAA/H.R. 4350). While SAFE Banking legislation previously passed in the House, it had stalled in the Senate due to Republicans' demands for changes that would have transformed the bill from one offering protection to financial institutions in the cannabis industry, to one enacting additional guardrails on federal marijuana policy. SAFE Banking legislation's inclusion in a must-pass bill this time around marks a critical step in the effort to enact this legislation this Congress.

What is SAFE Banking legislation?

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