On the recordSeptember 21, 2021
I include in the Record a letter from Governors from 21 States and Territories endorsing the SAFE Banking Act, along with a list of 41 other diverse organizations who support the legislation. Hon. Charles E. Schumer, Majority Leader, Washington, DC. Hon. Nancy Pelosi, Speaker of the House, Washington, DC. Hon. Sherrod Brown, Chair, Senate Committee on Banking, Housing and Urban Affairs, Washington, DC. Hon. Maxine Waters, Chair, House Committee on Financial Services, Washington, DC. Hon. Mitch McConnell, Minority Leader, Washington, DC. Hon. Kevin McCarthy, Minority Leader, Washington, DC. Hon. Pat Toomey, Ranking Member, Senate Committee on Banking, Housing and Urban Affairs, Washington, DC. Hon. Patrick McHenry, Ranking Member, House Committee on Financial Services, Washington, DC. April 19, 2021. Dear Congressional Leaders: As our States' chief executives, we urge Congress to pass legislation allowing states with legalized medical or adult-use cannabis to operate safely under the national banking system. We strongly support the passage of the Secure and Fair Enforcement (SAFE) Banking Act of 2021 (H.R. 1996/S. 910) or similar legislation that would remove the legal uncertainty and allow banks and credit unions to provide services to state-licensed cannabis- related businesses. We were pleased that the House passed similar legislation in the 116th Congress (H.R. 1595).…
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