S. 2860 · 118th Congress

SAFER Banking Act

Introduced on Sep 20, 2023 by Jeff Merkley (D-OR). 36 cosponsors, 5 of them from another party. Latest action (Dec 6, 2023): Committee on Banking, Housing, and Urban Affairs. Hearings held.

Stage
Reported by committee
Introduced
Sep 20, 2023
Cosponsors
36
5 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. 3Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

A bill to create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses, and for other purposes.

Subjects

  • Administrative law and regulatory procedures
  • Asia
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Business records
  • Congressional oversight
  • Consumer affairs
  • Credit and credit markets
  • Criminal investigation, prosecution, interrogation
  • Department of the Treasury
  • Drug trafficking and controlled substances
  • Drug, alcohol, tobacco use
  • Evidence and witnesses
  • Federal Deposit Insurance Corporation (FDIC)
  • Federal Reserve System
  • Financial services and investments
  • Fraud offenses and financial crimes
  • Government information and archives
  • Government liability
  • Government studies and investigations
  • Insurance industry and regulation
  • Iran
  • Judicial procedure and administration
  • Licensing and registrations
  • Middle East
  • Minority and disadvantaged businesses
  • National Credit Union Administration
  • North Korea
  • Organized crime
  • Syria
  • Terrorism
  • Women in business

Summary

The Congressional Research Service has not summarized this measure yet.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Jeff MerkleyD-ORSponsor

Democrats · 28

Independents · 3

Republicans · 5

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Sep 20, 2023Introduced in Senate
  2. Sep 20, 2023 · SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  3. Sep 27, 2023 · SenateCommittee on Banking, Housing, and Urban Affairs. Ordered to be reported with amendments favorably.
  4. Sep 28, 2023Committee on Banking, Housing, and Urban Affairs. Reported by Senator Brown with amendments. Without written report.
  5. Sep 28, 2023 · SenateCommittee on Banking, Housing, and Urban Affairs. Reported by Senator Brown with amendments. Without written report.
  6. Sep 28, 2023 · SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 215.
  7. Dec 6, 2023 · SenateCommittee on Banking, Housing, and Urban Affairs. Hearings held.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. American Bankers Association13 reports
    $8.5M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  2. INSURED RETIREMENT INSTITUTE12 reports
    $2.2M reported (all issues)
  3. National Cannabis Roundtable11 reports
    $607.5K reported (all issues)
  4. AMERICAN LAND TITLE ASSOCIATION10 reports
    $2M reported (all issues)
  5. CRESCO LABS LLC10 reports
    $1.3M reported (all issues)
  6. NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES10 reports
    $2.1M reported (all issues)
  7. RAI Services Company10 reports
    $6.5M reported (all issues)
  8. FIDELITY NATIONAL INFORMATION SYSTEMS, INC.9 reports
    $660K reported (all issues)Federal contractor: FIDELITY NATIONAL INFORMATION SERVICES, INC.$4.6M in contracts, FY2026AI match · 95%
  9. INTERNATIONAL BROTHERHOOD OF TEAMSTERS8 reports
    $2.4M reported (all issues)
  10. PayPal, Inc.7 reports
  11. WESTERN UNION COMPANY7 reports
  12. THE SCOTTS MIRACLE-GRO COMPANY6 reports
    $270K reported (all issues)
  13. AMERICAN BAR ASSOCIATION5 reports
    $1.2M reported (all issues)Federal contractor: AMERICAN BAR ASSOCIATIONAI match · 100%
  14. AMERICAN COUNCIL OF LIFE INSURERS5 reports
    $5.1M reported (all issues)
  15. AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION5 reports
    $7M reported (all issues)
  16. American Council of Independent Laboratories5 reports
    $100K reported (all issues)
  17. CHUBB INA Holding Company Inc5 reports
    $250K reported (all issues)
  18. CMFG LIFE INSURANCE COMPANY5 reports
    $580K reported (all issues)
  19. CREDIT UNION NATIONAL ASSOCIATION, INC.5 reports
    $7.2M reported (all issues)
  20. GUN OWNERS OF AMERICA, INC.5 reports
    $3.2M reported (all issues)
  21. INDEPENDENT COMMUNITY BANKERS OF AMERICA5 reports
    $4M reported (all issues)
  22. Jazz Pharmaceuticals, Inc. and its subsidiaries, including Greenwich Biosciences5 reports
    $230K reported (all issues)
  23. Michigan Credit Union League5 reports
    $115K reported (all issues)
  24. Muckleshoot Indian Tribe5 reports
    $250K reported (all issues)
  25. NATIONAL ASSOCIATION OF PROFESSIONAL INSURANCE AGENTS5 reports
    $380K reported (all issues)
  26. NATIONAL BEER WHOLESALERS ASSOCIATION5 reports
    $1.9M reported (all issues)
  27. NATIONAL ORGANIZATION FOR THE REFORM OF MARIJUANA LAWS5 reports
    $50K reported (all issues)
  28. NATIONAL PAWNBROKERS ASSOCIATION INC5 reports
    $350K reported (all issues)
  29. NATIONAL RIFLE ASSOCIATION OF AMERICA5 reports
    $2.6M reported (all issues)
  30. National Armored Car Association5 reports
    $50K reported (all issues)
  31. New York Bankers Association5 reports
    $250K reported (all issues)
  32. Nisqually Indian Tribe5 reports
    $200K reported (all issues)
  33. REINSURANCE ASSN OF AMERICA5 reports
    $2.1M reported (all issues)
  34. REINSURANCE ASSOCIATION OF AMERICA5 reports
    $200K reported (all issues)
  35. SAM ACTION, INC.5 reports
    $300K reported (all issues)
  36. SENTRY INSURANCE COMPANY5 reports
    $300K reported (all issues)
  37. Sentry Insurance Company (Formerly Sentry Insurance a Mutual Company)5 reports
    $485K reported (all issues)
  38. Sheet Metal and Air Conditioning Contractors Association National Association5 reports
    $160K reported (all issues)
  39. Suquamish Tribe5 reports
    $200K reported (all issues)
  40. Swiss Reinsurance Company Ltd5 reports
    $550K reported (all issues)

Reports filed in 2023, 2024, 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 8, 2026 · loaded Oct 8, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 7, 2026 · loaded Oct 7, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.