Marijuana banking lobbyist optimistic: Onsite at NAFCU Congressional Caucus

There is a good chance Congress will approve a "safe harbor" measure protecting banks and credit unions doing business with the pot industry.

Congress won’t pass broad marijuana legislation, but a measure that would provide banks and credit unions with a safe harbor for doing business with marijuana businesses has a reasonable chance of being enacted, Becky Dansky, executive director of the Safe and Responsible Banking Alliance said Tuesday.

Speaking at NAFCU’s Congressional Caucus, Dansky, a lobbyist pushing the safe harbor bill, said she expects the House to consider the legislation within the next few weeks.

The House Financial Services Committee has approved legislation to provide the safe harbor, but the Senate Banking Committee has not acted on companion legislation.

Dansky said that while Senate passage is less certain, Banking Committee Chairman Mike Crapo (R-Id.) recently has sounded more positive about the measure.


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