On the recordApril 19, 2021
I thank the gentleman from North Carolina. To his point that there is a broader discussion that has to take place, the purpose of this bill is a public safety purpose. Its purpose is to keep people from being killed, from being robbed, and from being assaulted. That is within the Financial Services Committee arena because, at this point, the cannabis industry and the people who serve it in one way or another have to deal in cash, which really creates the potential for the robberies, for the murders, and for the assaults. We have been able to gather a lot of support for this. I mentioned the bankers, the credit unions, the insurance industry, the cannabis industry, obviously, the real estate industry, the armored cars, and the minority cannabis industry. Law enforcement is supportive of this. We have the National Treasurers Association, 21 Governors, and attorneys general because they know this is a public safety matter and that we really need to address it. We have been working on it for some time, as the gentleman from North Carolina mentioned, but we need to get this to the Senate. They need to take whatever action they want to take, but we have to make our communities and these businesses safer. The SAFE Banking Act is about public safety. Our bill is narrowly tailored to get cash off the streets and improve public safety.…
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