SAFE Banking Act of 2026
Key claim: The SAFE Banking Act of 2026 (HR9471) was referred to the House Committees on Financial Services, Judiciary, and Veterans’ Affairs.
Abstract
(HR9471 · 119th Congress) Latest action (2026-06-25): Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans’ Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Why this matters
The SAFE Banking Act reappears each Congress as the primary vehicle for granting state-legal cannabis businesses access to depository and payments services without exposing banks and credit unions to federal enforcement risk. Its referral to three committees (including Veterans’ Affairs, reflecting medical-cannabis access framing) signals continued interest but no change in enacted status; banks, credit unions, and cannabis-adjacent businesses remain subject to existing BSA/AML guidance and de-risking pressures.