,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #aeie  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #g1 #bjai,mr4    
,p]lmutt] 7= himself1 ,mr4 ,heck1 ,mr4  
,/iv]s1 ,mr4 ,davidson ( ,ohio1 ,mr4    
,aguil>1 ,ms4 ,b>ragn1 ,mr4 ,bey]1 ,mr4 
,blum5au]1 ,ms4 ,bonamici1 ,mr4 ,br5dan 
,f4 ,boyle ( ,p5nsylvania1 ,mr4 ,br[n ( 
,m>yl&1 ,ms4 ,br[nley ( ,cali=nia1 ,mr4 
,c>bajal1 ,mr4 ,crd5as1 ,mr4 ,c>twright1
 ,ms4 ,ca/or ( ,florida1 ,mr4 ,cicill9e1
 ,mr4 ,cisn]os1 ,ms4 ,cl>k (            
,massa*usetts1 ,ms4 ,cl>ke ( ,new ,york1
 ,mr4 ,coh51 ,mr4 ,coop]1 ,mr4 ,correa1 
,mr4 ,c\rtney1 ,mr4 ,cox ( ,cali=nia1   
,mr4 ,cri/1 ,mr4 ,cr[1 ,mrs4 ,davis (   
,cali=nia1 ,mr4 ,de,fazio1 ,ms4         
,de,gette1 ,ms4 ,de,lauro1 ,ms4         
,del,bene1 ,mr4 ,de,saulnier1 ,ms4      
,e%oo1 ,mr4 ,espaillat1 ,mr4 ,fo/]1 ,ms4
 ,fudge1 ,ms4 ,gabb>d1 ,mr4 ,gallego1   
,mr4 ,g>ca ( ,ill9ois1 ,mr4 ,gomez1 ,mr4
 ,gonzalez ( ,texas1 ,mr4 ,ha/+s1 ,ms4  
,hill ( ,cali=nia1 ,mr4 ,hors=d1 ,mr4   
,huffman1 ,ms4 ,jackson ,lee1 ,ms4      

,jayapal1 ,mr4 ,johnson ( ,georgia1 ,mr4
 ,khanna1 ,mr4 ,kilm]1 ,mrs4            
,kirkpatrick1 ,mr4 ,kri%namoor?i1 ,mr4  
,lawson ( ,florida1 ,ms4 ,lee (         
,cali=nia1 ,mrs4 ,lee ( ,nevada1 ,mr4   
,lev9 ( ,mi*igan1 ,mr4 ,lev9 (          
,cali=nia1 ,mr4 ,t$ ,lieu ( ,cali=nia1  
,mr4 ,lujn1 ,ms4 ,matsui1 ,ms4          
,mc,collum1 ,mr4 ,mc,govern1 ,mr4       
,meeks1 ,mr4 ,neguse1 ,ms4 ,norton1 ,mr4
 ,panetta1 ,mr4 ,pappas1 ,ms4 ,p+ree1   
,ms4 ,port]1 ,mr4 ,quigley1 ,mr4 ,rask91
 ,mr4 ,ru%1 ,mr4 ,ryan1 ,mr4 ,r\da1 ,ms4
 ,s*ak[sky1 ,mr4 ,s*rad]1 ,mr4 ,%]man1  
,mr4 ,sires1 ,mr4 ,smi? ( ,wa%+ton1 ,mr4
 ,soto1 ,ms4 ,spei]1 ,mr4 ,swalwell (   
,cali=nia1 ,ms4 ,titus1 ,mrs4 ,torres ( 
,cali=nia1 ,mr4 ,v>gas1 ,ms4 ,velzquez1 
,mrs4 ,watson ,coleman1 ,mr4 ,wel*1 ,ms4
 ,wild1 ,mr4 ,y>mu?1 ,mr4 ,rodney ,davis
 ( ,ill9ois1 ,mr4 ,hunt]1 ,mr4 ,joyce ( 
,ohio1 ,mr4 ,ne:\se1 ,mr4 ,"y1 ,mr4     
,himes1 ,mr4 ,loebsack1 ,ms4 ,l(gr51    
,mr4 ,l[5?al1 ,mrs4 ,c>olyn ,b4 ,maloney
 ( ,new ,york1 ,mr4 ,sean ,patrick      

,maloney ( ,new ,york1 ,mr4 ,takano1    
,mr4 ,?ompson ( ,cali=nia1 ,mr4 ,gaetz1 
,mr4 ,riggleman1 ,mr4 ,david ,scott (   
,georgia1 ,ms4 ,wat]s1 & ,ms4 ,s*ri]7   
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committee on !          
,judici>y1 = a p]iod to be subsequ5tly  
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to create protections =       
depository in/itutions t provide        
f9ancial s]vices to cannabis-relat$     
legitimate bus9esses & s]vice provid]s =
 su* bus9esses1 & = o!r purposes4  #a4  
,%ort title2 purpose  7a7 ,%ort title   
,?is ,act may be cit$ z ! ,secure ,&    
,fair ,en=cem5t ,bank+ ,act ( #bjai or !
 ,,safe ,bank+ ,act ( #bjai4  7b7       
,purpose ,! purpose ( ?is ,act is to    
increase public safety by exp&+ f9ancial
 s]vices to cannabis-relat$ legitimate  
bus9esses & s]vice provid]s & r$uc+ !   
am\nt ( ca% at su* bus9esses4  #b4 ,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 seq471 ! ,f$]al 
,cr$it ,union ,act 7#ab ,u4,s4,c4 #agea 
et seq471 or take any o!r adv]se action 
aga9/ a depository in/itution "u section
 #h ( ! ,f$]al ,deposit ,insurance ,act 
7#ab ,u4,s4,c4 #ahah7 solely because !  
depository in/itution provides or has   
provid$ f9ancial s]vices to a           
cannabis-relat$ legitimate bus9ess or   
s]vice provid]2  7#b7 prohibit1 p5alize1
 or o!rwise disc\rage a depository      
in/itution f provid+ f9ancial s]vices to
 a cannabis-relat$ legitimate bus9ess or
 s]vice provid] or to a ,/ate1 political
 subdivision ( a ,/ate1 or ,indian      
,tribe t ex]cises jurisdiction ov]      
cannabis-relat$ 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 a              
cannabis-relat$ legitimate bus9ess or   
s]vice provid]1 or is an employee1 own]1
 or op]ator ( a cannabis-relat$         
legitimate bus9ess or s]vice provid]2   
7,b7 ! acc\nt hold] lat] becomes an     
employee1 own]1 or op]ator ( a          
cannabis-relat$ legitimate bus9ess or   
s]vice provid]2 or  7,c7 ! depository   
in/itution 0 n aw>e t ! acc\nt hold] is 
an employee1 own]1 or op]ator ( a       
cannabis-relat$ legitimate bus9ess or   
s]vice provid]2  7#d7 take any adv]se or
 corrective sup]visory action on a loan 
made to-- 7,a7 a cannabis-relat$        
legitimate bus9ess or s]vice provid]1   
solely because ! bus9ess is a           
cannabis-relat$ legitimate bus9ess or   
s]vice provid]2  7,b7 an employee1 own]1
 or op]ator ( a cannabis-relat$         
legitimate bus9ess or s]vice provid]1   
solely because ! employee1 own]1 or     
op]ator is employ$ by1 owns1 or op]ates 

a cannabis-relat$ legitimate bus9ess or 
s]vice provid]1 z applicable2 or  7,c7  
an own] or op]ator ( real e/ate or      
equipm5t t is leas$ to a cannabis-relat$
 legitimate bus9ess or s]vice provid]1  
solely because ! own] or op]ator ( !    
real e/ate or equipm5t leas$ ! equipm5t 
or real e/ate to a cannabis-relat$      
legitimate bus9ess or s]vice provid]1 z 
applicable2 &  7#e7 prohibit or p5alize 
a depository in/itution1 or entity p]=m+
 s]vices = ! depository in/itution1 =1  
or o!rwise disc\rage a depository       
in/itution1 or entity p]=m+ s]vices = ! 
depository in/itution1 f1 au?oriz+1     
process+1 cle>+1 settl+1 bill+1         
transf]r+1 reconcil+1 or collect+       
paym5ts = a cannabis-relat$ legitimate  
bus9ess1 :]e su* paym5t is made by any  
means1 includ+ a cr$it1 debit1 or o!r   
paym5t c>d1 an acc\nt1 *eck1 or         
electronic funds transf]4  #c4          
,protections = ancill>y bus9esses ,=    
purposes ( sections #aief & #aieg (     
title #ah1 ,unit$ ,/ates ,code1 & all   

o!r provisions ( ,f$]al law1 ! proce$s f
 a transaction conduct$ by a            
cannabis-relat$ legitimate bus9ess or   
s]vice provid] %all n be consid]$ z     
proce$s f an unlawful activity solely   
because ! transaction 0 conduct$ by a   
cannabis-relat$ legitimate bus9ess or   
s]vice provid]1 z applicable4  #d4      
,protections "u ,f$]al law  7a7 ,9 g5]al
 ,) respect to provid+ f9ancial s]vices 
)9 a ,/ate1 political subdivision ( a   
,/ate1 or ,indian c\ntry t all[s !      
cultivation1 production1 manufacture1   
sale1 transportation1 display1 disp5s+1 
di/ribution1 or pur*ase ( cannabis      
pursuant to a law or regulation ( su*   
,/ate1 political subdivision1 or ,indian
 ,tribe t has jurisdiction ov] ! ,indian
 c\ntry1 z applicable1 a depository     
in/itution t provides f9ancial s]vices  
to a cannabis-relat$ legitimate bus9ess 
or s]vice provid]1 & ! (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]vices2 
or  7#b7 = fur!r inve/+ any income d]iv$
 f su* f9ancial s]vices4  7b7 ,=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 ( a cannabis-relat$ legitimate  
bus9ess or s]vice provid]1 or to an own]
 or op]ator ( real e/ate or equipm5t t  
is leas$ or sold to a cannabis-relat$   
legitimate bus9ess or s]vice provid]1   
%all n be subject to crim9al1 civil1 or 
adm9i/rative =feiture ( t legal int]e/  
pursuant to any ,f$]al law = provid+ su*
 loan or o!r f9ancial s]vice4  #e4 ,rule
 ( con/ruction ,no?+ 9 ?is ,act %all    
require a depository in/itution to      
provide f9ancial s]vices to a           
cannabis-relat$ legitimate bus9ess or   
s]vice provid]4  #f4 ,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 =            
cannabis-relat$ legitimate bus9esses    

7,a7 ,9 g5]al ,) respect to 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 subsection1 
if ! reason = ! report relates to a     
cannabis-relat$ legitimate bus9ess or   
s]vice provid]1 ! report %all comply )  
appropriate guidance issu$ by !         
,f9ancial ,crimes ,en=cem5t ,network4 ,!
 ,secret>y %all ensure t ! guidance is  
consi/5t ) ! purpose & int5t ( ! ,,safe 
,bank+ ,act ( #bjai & does n            
significantly inhibit ! provision (     
f9ancial s]vices to a cannabis-relat$   
legitimate bus9ess or s]vice provid] 9 a
 ,/ate1 political subdivision ( a ,/ate1
 or ,indian c\ntry t has all[$ !        
cultivation1 production1 manufacture1   
transportation1 display1 disp5s+1       
di/ribution1 sale1 or pur*ase ( cannabis
 pursuant to law or regulation ( su*    
,/ate1 political subdivision1 or ,indian
 ,tribe t has jurisdiction ov] ! ,indian
 c\ntry4  7,b7 ,def9itions ,= purposes (

 ?is p>agraph3 7i7 ,cannabis ,! t]m     
cannabis has ! mean+ giv5 ! t]m m>ihuana
 9 section #ajb ( ! ,controll$          
,sub/ances ,act 7#ba ,u4,s4,c4 #hjb74   
7ii7 ,cannabis-relat$ legitimate bus9ess
 ,! t]m cannabis-relat$ legitimate      
bus9ess has ! mean+ giv5 t t]m 9 section
 #h ( ! ,,safe ,bank+ ,act ( #bjai4     
7iii7 ,indian c\ntry ,! t]m ,indian     
c\ntry has ! mean+ giv5 t t]m 9 section 
#aaea ( title #ah4  7iv7 ,indian ,tribe 
,! t]m ,indian ,tribe has ! mean+ giv5 t
 t]m 9 section #ajb ( ! ,f$]ally        
,recogniz$ ,indian ,tribe ,li/ ,act (   
#aiid 7#be ,u4,s4,c4 #dgi;a74  7v7      
,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 
7vi7 ,s]vice provid] ,! t]m s]vice      
provid] has ! mean+ giv5 t t]m 9 section
 #h ( ! ,,safe ,bank+ ,act ( #bjai4     
7vii7 ,/ate ,! t]m ,/ate means ea* ( !  
sev]al ,/ates1 ! ,di/rict ( ,columbia1  

,pu]to ,rico1 & any t]ritory or         
possession ( ! ,unit$ ,/ates4  4  #g4   
,guidance & exam9ation proc$ures  7a7 ,9
 g5]al ,n lat] ?an #ahj days aft] ! date
 ( enactm5t ( ?is ,act1 ! ,f9ancial     
,in/itutions ,exam9ation ,c\ncil %all   
develop uni=m guidance & exam9ation     
proc$ures = depository in/itutions t    
provide f9ancial s]vices to             
cannabis-relat$ legitimate bus9esses &  
s]vice provid]s4  7b7 ,issuance by      
,f$]al bank+ regulators ,! ,f$]al bank+ 
regulators %all ea* issue guidance &    
exam9ation proc$ures = depository       
in/itutions t provide f9ancial s]vices  
to cannabis-relat$ legitimate bus9esses 
& s]vice provid]s t are consi/5t ) !    
uni=m guidance & exam9ation proc$ures   
develop$ "u subsection 7a74  #h4        
,def9itions ,9 ?is ,act3 7#a7 ,cannabis 
,! t]m cannabis has ! mean+ giv5 ! t]m  
m>ihuana 9 section #ajb ( ! ,controll$  
,sub/ances ,act 7#ba ,u4,s4,c4 #hjb74   
7#b7 ,cannabis product ,! t]m cannabis  
product means any article :i* conta9s   

cannabis1 includ+ an article :i* is a   
conc5trate1 an edible1 a t9cture1 a     
cannabis-infus$ product1 or a topical4  
7#c7 ,cannabis-relat$ legitimate bus9ess
 ,! t]m cannabis-relat$ legitimate      
bus9ess means a manufactur]1 produc]1 or
 any p]son or company t-- 7,a7 engages 9
 any activity describ$ 9 subp>agraph    
7,b7 pursuant to a law e/abli%$ by a    
,/ate or a political subdivision ( a    
,/ate1 z det]m9$ by su* ,/ate or        
political subdivision2 &  7,b7          
p>ticipates 9 any bus9ess or organiz$   
activity t involves h&l+ cannabis or    
cannabis products1 includ+ cultivat+1   
produc+1 manufactur+1 sell+1 transport+1
 display+1 disp5s+1 di/ribut+1 or       
pur*as+ cannabis or cannabis products4  
7#d7 ,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#e7 ,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#f7        
,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#g7 ,indian c\ntry ,! t]m ,indian      
c\ntry has ! mean+ giv5 t t]m 9 section 
#aaea ( title #ah4  7#h7 ,indian ,tribe 
,! t]m ,indian ,tribe has ! mean+ giv5 t
 t]m 9 section #ajb ( ! ,f$]ally        
,recogniz$ ,indian ,tribe ,li/ ,act (   

#aiid 7#be ,u4,s4,c4 #dgi;a74  7#i7     
,manufactur] ,! t]m manufactur] means a 
p]son :o manufactures1 comp\nds1        
conv]ts1 processes1 prep>es1 or packages
 cannabis or cannabis products4  7#aj7  
,produc] ,! t]m produc] means a p]son :o
 plants1 cultivates1 h>ve/s1 or 9 any   
way facilitates ! natural gr[? (        
cannabis4  7#aa7 ,s]vice provid] ,! t]m 
s]vice provid]-- 7,a7 means a bus9ess1  
organization1 or o!r p]son t--  7i7     
sells goods or s]vices to a             
cannabis-relat$ legitimate bus9ess2 or  
7ii7 provides any bus9ess s]vices1      
includ+ ! sale or lease ( real or any   
o!r prop]ty1 legal or o!r lic5s$        
s]vices1 or any o!r ancill>y s]vice1    
relat+ to cannabis2 &  7,b7 does n      
include a bus9ess1 organization1 or o!r 
p]son t p>ticipates 9 any bus9ess or    
organiz$ activity t involves h&l+       
cannabis or cannabis products1 includ+  
cultivat+1 produc+1 manufactur+1 sell+1 
transport+1 display+1 disp5s+1          
di/ribut+1 or pur*as+ cannabis or       

cannabis products4  7#ab7 ,/ate ,! t]m  
,/ate means ea* ( ! sev]al ,/ates1 !    
,di/rict ( ,columbia1 ,pu]to ,rico1 &   
any t]ritory or possession ( ! ,unit$   
,/ates4