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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • April 26, 2023

ABA Applauds Introduction of the SAFE Banking Act of 2023

“We welcome today's reintroduction of the SAFE Banking Act in the Senate and House and want to express our thanks to the bill's sponsors, Senators Merkley and Daines and Representatives Joyce and Blumenauer, as well as the many cosponsors of this urgently needed legislation. This commonsense, bipartisan bill, which has already cleared the House multiple times, would resolve the ongoing conflict between state and federal law so that banks can serve state-authorized cannabis and cannabis-related businesses. The SAFE Banking Act would also enhance public safety, tax collection and financial transparency, and national surveys show a strong majority of Americans support this bill. We urge Congress to consider this legislation without delay.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $23.9 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $18.8 trillion in deposits and extend $12.5 trillion in loans.

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