Political Quotes

Michael S. Barr: Your agencies issued that guidance that clarifies the legality of industrial hemp and states that banks are no longer…

On the recordDecember 3, 2019
Your agencies issued that guidance that clarifies the legality of industrial hemp and states that banks are no longer required to file suspicious activity reports.
Said by
Michael S. Barr

Editor's note · Context

Mr. Barr thanks agencies for guidance on banking for hemp-related businesses.

Share

More from Michael S. Barr

Nov 14, 2023

Community banks are exempt from this proposal. It only covers the top 37 banks in the country.

congress.gov
Mar 28, 2023

The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust array of supervisory requirements.

congress.gov
Mar 27, 2023

I do not want to live through it again.

congress.gov
Mar 28, 2023

They failed in basic measures of interest rate risk and liquidity risk.

congress.gov