S. 4942 · Where this bill is now
In committee
Introduced in the Senate, Jun 24, 2026
119th Congress
2nd SessionS. 4942
2nd SessionS. 4942
A BILL
SAFE Banking Act of 2026
In the SenateNo vote yet
Sponsor: Sen. Jeff Merkley (D-OR) · Introduced Jun 24, 2026 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 24, 2026: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”
Sections
Sections · 15
- Sec. 1Short title; table of contentsNo change
- Sec. 2DefinitionsNo change
- Sec. 3Safe harbor for depository institutionsNo change
- Sec. 4Protections for providing services to State-sanctioned marijuana businessesNo change
- Sec. 5Protections under Federal lawNo change
- Sec. 6Requirements for filing suspicious activity reportsNo change
- Sec. 7Guidance and examination proceduresNo change
- Sec. 8Banking services for hemp-related legitimate businesses and hemp-related service providersNo change
- Sec. 9Treatment of income derived from a State-sanctioned marijuana business for qualification for a federally backed single-family mortgage loanNo change
- Sec. 10Requirements for deposit account termination requests and ordersNo change
- Sec. 11Annual diversity and inclusion reportNo change
- Sec. 12GAO study on diversity and inclusionNo change
- Sec. 13GAO study on effectiveness of certain reports on finding certain personsNo change
- Sec. 14Applicability to hemp-related legitimate businesses and hemp-related service providersNo change
- Sec. 15Rules of constructionNo change