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SAFE Banking Act Definition

May 6, 2021

The Secure and Fair Enforcement (SAFE) Banking Act was first introduced to Congress in May of 2017 under the sponsorship of Sen. Jeff Merkley (D-OR) and Rep. Ed Perlmutter (D-CO).1 It has been reintroduced several times, the latest in 2021 with sponsorship by Perlmutter in the House and Merkley and Sen. Steve Daines (R-MT) in the Senate. The 2021 version of the bill passed the House on April 19; it is not the first version to do so. It will still need to pass the Senate and then be signed by President Joseph Biden in order to become law.

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