Accept Cookies?
What's New: Advocacy

SFAA Working with American Bankers Association to Address Legal Exposures of Providing Financial ...

Wednesday, May 2, 2018  

SFAA Working with American Bankers Association to Address Legal Exposures of Providing Financial Services to Cannabis Businesses

  

SFAA is working with the American Bankers Association on H.R. 2215, which would create a safe harbor approach for banks providing financial services to cannabis businesses so that banks can accept deposits and provide other financial services without the threat of federal prosecution as long as they are operating within the safe harbors. SFAA is seeking language in the bill that would provide similar protections to sureties writing bonds for cannabis businesses to meet bond requirements in recently enacted state laws.

Members should visit Advocacy / General Info (Members) for more information.



1140 19th Street, NW, Suite 500 • Washington, DC 20036-6617
Phone: 202-463-0600 • Fax: 202-463-0606