,i #aae? ,,congress #a/ ,session ,h4 ,r4 #dgaa ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ba1 #bjag,mr4 ,b>r 7= himself1 ,mr4 ,himes1 & ,mr4 ,polis7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to create protections = depository in/itutions t provide f9ancial s]vices to indu/rial hemp legitimate bus9esses1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,indu/rial ,hemp ,bank+ ,act4 #b4 ,secure & fair en=cem5t ( ! bank+ laws 7a7 ,safe h>bor = depository in/itutions ,a ,f$]al bank+ regulator may n-- 7#a7 t]m9ate or limit ! deposit insurance or %>e insurance ( a depository in/itution "u ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahaa et seq47 or ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #agea et seq47 solely because ! depository in/itution provides or has provid$ f9ancial s]vices to an indu/rial hemp legitimate bus9ess2 7#b7 prohibit1 p5alize1 or o!rwise disc\rage a depository in/itution f provid+ f9ancial s]vices to an indu/rial hemp legitimate bus9ess or to a ,/ate or political subdivision ( a ,/ate t ex]cises jurisdiction ov] indu/rial hemp legitimate bus9esses2 7#c7 recomm5d1 inc5tivize1 or enc\rage a depository in/itution n to (f] f9ancial s]vices to an acc\nt hold]1 or to d[ngrade or cancel ! f9ancial s]vices (f]$ to an acc\nt hold] solely because-- 7,a7 ! acc\nt hold] is ! own]1 op]ator1 or employee ( an indu/rial hemp legitimate bus9ess2 7,b7 ! acc\nt hold] lat] becomes an own] or op]ator ( an indu/rial hemp legitimate bus9ess2 or 7,c7 ! depository in/itution 0 n aw>e t ! acc\nt hold] is ! own] or op]ator ( an indu/rial hemp legitimate bus9ess2 & 7#d7 take any adv]se or corrective sup]visory action on a loan made to an own] or op]ator (-- 7,a7 an indu/rial hemp legitimate bus9ess1 solely because ! own] or op]ator owns or op]ates an indu/rial hemp legitimate bus9ess2 or 7,b7 real e/ate or equipm5t t is leas$ to an indu/rial hemp legitimate bus9ess1 solely because ! own] or op]ator ( ! real e/ate or equipm5t leas$ ! equipm5t or real e/ate to an indu/rial hemp legitimate bus9ess4 7b7 ,protections "u ,f$]al law 7#a7 ,9 g5]al ,9 a ,/ate or a political subdivision ( a ,/ate t all[s = indu/rial hemp legitimate bus9esses1 a depository in/itution t provides f9ancial s]vices to an indu/rial hemp legitimate bus9ess1 & ! (fic]s1 directors1 & employees ( t depository in/itution may n be held liable pursuant to any ,f$]al law or regulation-- 7,a7 solely = provid+ su* f9ancial s]vices pursuant to ! law or regulation ( su* ,/ate or political subdivision2 or 7,b7 = fur!r inve/+ any income d]iv$ f su* f9ancial s]vices4 7#b7 ,=feiture ,a depository in/itution t has a legal int]e/ 9 ! collat]al = a loan or ano!r f9ancial s]vice provid$ to an own] or op]ator ( an indu/rial hemp legitimate bus9ess1 or to an own] or op]ator ( real e/ate or equipm5t t is leas$ or sold to an indu/rial hemp legitimate bus9ess1 %all n be subject to crim9al1 civil1 or adm9i/rative =feiture ( t legal int]e/ pursuant to any ,f$]al law = provid+ su* loan or o!r f9ancial s]vice4 7c7 ,rule ( con/ruction ,no?+ 9 ?is section %all require a depository in/itution to provide f9ancial s]vices to an indu/rial hemp legitimate bus9ess4 7d7 ,requirem5ts = fil+ suspici\s activity reports ,section #ecah7;g7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,requirem5ts = indu/rial hemp legitimate bus9esses ,a f9ancial in/itution or any director1 (fic]1 employee1 or ag5t ( a f9ancial in/itution t reports a suspici\s transaction pursuant to ?is subsection & ! reason = ! report relates to an indu/rial hemp legitimate bus9ess 7z def9$ 9 section #b ( ! ,indu/rial ,hemp ,bank+ ,act71 ! report %all comply ) appropriate guidance issu$ by ! ,f9ancial ,crimes ,en=cem5t ,network4 ,! ,secret>y %all ensure t ! guidance is consi/5t ) ! purpose & int5t ( ! ,indu/rial ,hemp ,bank+ ,act & does n inhibit ! provision ( f9ancial s]vices to an indu/rial hemp legitimate bus9ess 9 a ,/ate or political subdivision ( a ,/ate t all[s = indu/rial hemp legitimate bus9esses4 4 7e7 ,def9itions ,9 ?is section3 7#a7 ,depository in/itution ,! t]m depository in/itution means-- 7,a7 a depository in/itution z def9$ 9 section #c7;c7 ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac7;c772 7,b7 a ,f$]al cr$it union z def9$ 9 section #aja ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageb72 or 7,c7 a ,/ate cr$it union z def9$ 9 section #aja ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageb74 7#b7 ,f$]al bank+ regulator ,! t]m ,f$]al bank+ regulator means ea* ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,f$]al ,deposit ,insurance ,corporation1 ! ,(fice ( ! ,comptroll] ( ! ,curr5cy1 ! ,national ,cr$it ,union ,adm9i/ration1 or any ,f$]al ag5cy or dep>tm5t t regulates bank+ or f9ancial s]vices1 z det]m9$ by ! ,secret>y ( ! ,treasury4 7#c7 ,f9ancial s]vice ,! t]m f9ancial s]vice means a f9ancial product or s]vice z def9$ 9 section #ajjb ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #edha74 7#d7 ,indu/rial hemp legitimate bus9ess ,! t]m indu/rial hemp legitimate bus9ess means-- 7,a7 an in/itution ( high] education 7z def9$ 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja77 or a ,/ate dep>tm5t ( agriculture t c>ries out an agricultural pilot program or o!r agricultural or academic rese>* "u :i* su* in/itution ( high] education or ,/ate dep>tm5t ( agriculture1 ei!r itself or ?r\gh a ?ird p>ty-- 7i7 gr[s or cultivates indu/rial hemp = purposes ( rese>*1 & su* rese>* actually occurs2 & 7ii7 su* gr[+ or cultivation is c>ri$ out pursuant to ! laws ( ! ,/ate 9 :i* su* in/itution ( high] education or ,/ate dep>tm5t ( agriculture is locat$2 7,b7 a ?ird p>ty t produces1 manufactures1 sells1 pur*ases1 or transports indu/rial hemp pursuant to1 or o!rwise p>ticipates 91 a program or rese>* describ$ "u subp>agraph 7,a72 & 7,c7 a p]son t engages 9 comm]ce ) indu/rial hemp products t are exempt$ f ! def9ition ( a controll$ sub/ance "u ! ,controll$ ,sub/ances ,act4 7#e7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ,pu]to ,rico1 & any t]ritory or possession ( ! ,unit$ ,/ates4 7#f7 ,agricultural ,act ( #bjad def9itions ,! t]ms agricultural pilot program1 indu/rial hemp1 & ,/ate dep>tm5t ( agriculture h ! mean+s giv5 ^? t]ms1 respectively1 "u section #gfjf7;b7 ( ! ,agricultural ,act ( #bjad 7#g ,u4,s4,c4 #eidj7;b774