,i #aacth ,,congress #ast ,session ,h4 ,r4 #bfeb ,,in ,,the ,,house ,,of ,,representatives ,july #aj1 #bjac ,mr4 ,perlmutter 7for himself1 ,mr4 ,heck of ,washington1 ,mr4 ,mc,dermott1 ,mr4 ,blumenauer1 ,mr4 ,polis1 ,mr4 ,smith of ,washington1 ,mr4 ,farr1 ,mr4 ,kilmer1 ,mr4 ,moran1 ,ms4 ,norton1 ,mr4 ,capuano1 ,ms4 ,del,bene1 ,mr4 ,coffman1 ,ms4 ,de,gette1 ,mr4 ,de,fazio1 ,mr4 ,lowenthal1 ,ms4 ,pingree of ,maine1 ,mr4 ,rohrabacher1 and ,ms4 ,schakowsky7 introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committee on the ,judiciary1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to create protections for depository institutions that provide financial services to marijuana-related businesses4 #a4 ,short title ,this ,act may be cited as the ,marijuana ,businesses ,access to ,banking ,act of #bjac4 #b4 ,safe harbor for depository institutions ,a ,federal banking regulator may not-- 7#a7 terminate or limit the deposit insurance of a depository institution under the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahaa et seq47 solely because the depository institution provides or has provided financial services to a marijuana-related legitimate business2 7#b7 prohibit1 penalize1 or otherwise discourage a depository institution from providing financial services to a marijuana-related legitimate business2 7#c7 recommend1 incentivize1 or encourage a depository institution not to offer financial services to an individual1 or to downgrade or cancel the financial services offered to an individual solely because-- 7,a7 the individual is a manufacturer or producer1 or is the owner or operator of a marijuana-related legitimate business2 7,b7 the individual later becomes an owner or operator of a marijuana-related legitimate business2 or 7,c7 the depository institution was not aware that the individual is the owner or operator of a marijuana-related legitimate business2 and 7#d7 take any action on a loan to an owner or operator of-- 7,a7 a marijuana-related legitimate business2 or 7,b7 real estate or equipment that is leased to a marijuana-related legitimate business4 #c4 ,protections under ,federal law 7a7 ,investigation and prosecution ,a depository institution that provides financial services to a marijuana-related legitimate business1 and the officers1 directors1 and employees of that depository institution1 shall be immune from ,federal criminal prosecution or investigation for providing those services4 7b7 ,federal criminal law ,a depository institution that provides financial services to a marijuana-related legitimate business may not be held liable pursuant to any ,federal criminal law solely for providing those services or for further investing any income derived from such services4 7c7 ,forfeiture ,a depository institution that has a legal interest in the collateral for a loan made to an owner or operator of a marijuana-related legitimate business1 or to an owner or operator of real estate or equipment that is leased to a marijuana-related legitimate business1 shall not be subject to criminal1 civil1 or administrative forfeiture of that legal interest pursuant to any ,federal law for providing such loan4 #d4 ,rule of construction ,nothing in this ,act shall require a depository institution to provide financial services to a marijuana-related legitimate business4 #e4 ,exemption from filing suspicious activity reports ,section #ecah7;g7 of title #ca1 ,united ,states ,code1 is amended by adding at the end the following3 7#e7 ,exemption for marijuana-related legitimate businesses 7,a7 ,in general ,the ,secretary shall not require a depository institution1 and any director1 officer1 employee1 or agent of a depository institution1 to report a transaction as suspicious solely because a party to the transaction is a marijuana-related legitimate business4 7,b7 ,definitions ,in this paragraph1 the terms depository institution and marijuana-related legitimate business have the meanings given such terms in the ,marijuana ,businesses ,access to ,banking ,act of #bjac4 4 #f4 ,definitions ,in this ,act3 7#a7 ,depository institution ,the term depository institution means-- 7,a7 a depository institution as defined in section #c7;c7 of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac7;c772 7,b7 a ,federal credit union as defined in section #aja of the ,federal ,credit ,union ,act 7#ab ,u4,s4,c4 #ageb72 or 7,c7 a ,state credit union as defined in section #aja of the ,federal ,credit ,union ,act 7#ab ,u4,s4,c4 #ageb74 7#b7 ,federal banking regulator ,the term ,federal banking regulator means each of the ,board of ,governors of the ,federal ,reserve ,system1 the ,bureau of ,consumer ,financial ,protection1 the ,federal ,deposit ,insurance ,corporation1 the ,office of the ,comptroller of the ,currency1 the ,national ,credit ,union ,administration1 or any agency or department that regulates banking or financial services1 as determined by the ,secretary of the ,treasury4 7#c7 ,financial service ,the term financial service means a financial product or service as defined in section #ajjb of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #edha74 7#d7 ,manufacturer ,the term manufacturer means a person who manufactures1 compounds1 converts1 processes1 prepares1 or packages marijuana or marijuana products4 7#e7 ,marijuana-related legitimate business ,the term marijuana-related legitimate business means a manufacturer1 producer1 or any person that-- 7,a7 participates in any business or organized activity that involves handling marijuana or marijuana products1 including selling1 transporting1 displaying1 dispensing1 or distributing marijuana or marijuana products2 and 7,b7 engages in such activity pursuant to a law established by a ,state or a unit of local government4 7#f7 ,marijuana ,the term marijuana has the meaning given the term marihuana in section #ajb of the ,controlled ,substances ,act 7#ba ,u4,s4,c4 #hjb74 7#g7 ,marijuana product ,the term marijuana product means any article which contains marijuana1 including an article which is a concentrate1 an edible1 a tincture1 a marijuana-infused product1 or a topical4 7#h7 ,producer ,the term producer means a person who plants1 cultivates1 harvests1 or in any way facilitates the natural growth of marijuana4 7#i7 ,state ,the term ,state means each of the several ,states1 the ,district of ,columbia1 ,puerto ,rico1 and any territory or possession of the ,united ,states4