Senate committee to mark up SAFER Banking Act this week

September 25, 2023

The House and Senate are in Washington, D.C., this week, and federal government funding is scheduled to expire Sept. 30. The House and Senate are expected to consider various appropriations legislation throughout the week.

The Senate, Banking, Housing, and Urban Affairs Committee will conduct a markup of the SAFER Banking Act, which would create a safe harbor for financial institutions serving legal cannabis businesses.

A bipartisan group of senators—including Senate Majority Leader Chuck Schumer, D-N.Y.—introduced the bill last week.

The markup is scheduled to begin Wednesday at 9:30 a.m. ET.