U.S. Congress legislation · 119th Congress
HB9471: SAFE Banking Act of 2026
Status: In committee, July 17, 2026
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.
What the bill says
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.
From the introduced text, June 25, 2026:
A BILL 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. SECTION 1. Short title; table of contents (a) Short title This Act may be cited as the Secure And Fair Enforcement Banking Act of 2026 or the SAFE Banking Act of 2026 . (b) Table of contents The table of contents for this Act is as table of contents. Sec. 2. Definitions. Sec. 3. Safe harbor for depository institutions. Sec. 4. Protections for providing services to State-sanctioned marijuana businesses. Sec. 5. Protections under Federal law. Sec. 6. Requirements for filing suspicious activity reports. Sec. 7. Guidance and examination procedures. Sec. 8. Banking services for hemp-related legitimate businesses and hemp-related service providers. Sec. 9. Treatment of income derived from a State-sanctioned marijuana business for qualification for a federally backed single-family mortgage loan. Sec. 10. Requirements for deposit account termination requests and orders. Sec. 11. Annual diversity and inclusion report. Sec. 12. GAO study on diversity and inclusion. Sec. 13. GAO study on effectiveness of certain reports on finding certain persons. Sec. 14. Applicability to hemp-related legitimate businesses and hemp-related service providers. Sec. 15. Rules of construction. SECTION 2. Definitions In this Act: (1) Business of insurance The term business of insurance has the meaning given …
Sponsors
- David Joyce (R, HD-OH-14) · primary sponsor
- James Himes (D, HD-004)
- Warren Davidson (R, HD-008)
- Nydia Velazquez (D, HD-NY-7)
- Brian Mast (R, HD-FL-21)
- Luis Correa (D, HD-CA-46)
- Guy Reschenthaler (R, HD-PA-14)
- Dina Titus (D, HD-001)
- Mike Rogers (R, HD-003)
- Troy Carter (D, HD-LA-2)
Latest actions
- : Referred to the Subcommittee on Economic Opportunity.
- : Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, 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.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB9471?
- HB9471 is a bill in Congress (119th Congress): SAFE Banking Act of 2026.
- What does HB9471 do?
- In its own words: 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.
- What is the status of HB9471?
- In committee as of July 17, 2026. Latest action: Referred to the Subcommittee on Economic Opportunity. (July 17, 2026).
- Who sponsored HB9471?
- David Joyce (R, HD-OH-14), with 9 co-sponsors.
- Where is the official record for HB9471?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/9471
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.