CUNA, CUs say most of Crapo’s concerns can be addressed in SAFE Banking Act

The Secure and Fair Enforcement (SAFE) Banking Act can be modified to address most of is generally consistent with Senate Banking Chair Sen. Mike Crapo’s (R-Idaho) concerns in a manner consistent with the narrow objectives the bill was designed to achieve, CUNA wrote to Crapo Friday.

In response to the Chair’s request for feedback on the cannabis legislation, CUNA noted that-with the exception of the Chairman’s proposal to add public health and safety requirements to the enforcement responsibilities of financial institutions-the SAFE Banking Act is already consistent with the Chair’s positions and would benefit from his proposed clarification language reinforcing the bill’s intent.

CUNA urged the Chairman to advance the bill through the consideration process in order to allow his proposed changes to be offered as amendments that all of the members of the Senate Banking Committee can vote upon and responded to a series of proposals Crapo issued on the SAFE Banking Act and urged him to continue to advance the bill through the Senate Banking Committee’s consideration process.

 

continue reading »