ASA Reacts To Committee Passage Of SAFE Banking Act

By Johnny Green for Weed News

On March 28, the House Financial Services Committee voted in favor of the Secure And Fair Enforcement (SAFE) Banking Act of 2019. The bill would create protections for depository institutions that provide financial services to legitimate cannabis-related businesses,  their service providers, and some ancillary businesses, thereby granting state-legal cannabis-related businesses access to the same financial institutions and services upon which other types of business rely. “A vote in the full House has yet to be scheduled, but it is our hope that the bill will make it to the floor relatively quickly,” said Americans for Safe Access (ASA) President and Founder Steph Sherer. Earlier this week, Rep. James McGovern (D-MA), chair of the House Rules Committee, stated “We will guide it to the House floor for a vote, which I think it will pass with an overwhelming vote — Democrats and a lot of Republicans as well. […] I think if we have a strong bipartisan vote, that’ll increase the pressure on the Senate to do something.