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U.S. Senate Banking Committee Advances SAFER Act to U.S. Senate

U.S. Senate Banking Committee Advances SAFER Act to U.S. Senate

Posted: Oct 04 2023
The Senate Banking Committee has voted 14-9 to advance the SAFER Act out of Committee to the full Senate for consideration. Senator Kevin Cramer voted in favor of advancing the legislation.

The Secure and Fair Enforcement Regulation (SAFER) Act, according to the bill’s summary, ensures all businesses, including state-sanctioned cannabis businesses “have access to deposit accounts, insurance and other financial services” and “creates common-sense standards for banks and credit unions to maintain customer relationships and to expand access to deposit accounts for underbanked groups.”
 
To read a summary of the SAFER Act, visit: https://www.democrats.senate.gov/imo/media/doc/safer_section_by_section.pdf

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