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    This page contains bill sponsorships in the Senate and House. Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.

16-S1726 on Apr 28, 2015

Bill Sponsorship: immunity for banks offering services to marijuana businesses
Source: Marijuana Businesses Access to Banking Act
Congressional Summary:This bill provides a safe harbor for depository institutions providing financial services to a marijuana-related legitimate business insofar as it prohibits a federal banking regulator from:
  1. terminating or limiting the deposit or share insurance of a depository institution solely because it provides financial services to a marijuana-related legitimate business; or
  2. prohibiting, penalizing, or otherwise discouraging a depository institution from offering such services.
Immunity from federal criminal prosecution or investigation is granted, subject to certain conditions, to a depository institution that provides financial services to a marijuana-related legitimate business in a state or one of its political subdivisions that allows the cultivation, production, manufacture, sale, transportation, display, dispensing, distribution, or purchase of marijuana.

Argument in Favor: [Cato Institute, March 31, 2016]: Marijuana is now legal under the laws of [several] states, but not under federal law. And this creates huge headaches for marijuana businesses:

  • Two years after Colorado fully legalized the sale of marijuana, most banks here still don't offer services to the businesses involved.
  • Financial institutions are caught between state law that has legalized marijuana and federal law that bans it. Banks' federal regulators don't fully recognize such businesses and impose onerous reporting requirements on banks that deal with them.
  • Without bank accounts, the burgeoning pot sector can't accept credit or debit cards from customers.
Also see House version H.R.2076


    Participating counts on VoteMatch question 19. Question 19: Marijuana is a gateway drug Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
  • Topic: Drugs
  • Headline: Immunity for banks offering services to marijuana businesses (Score: -2)

  • Key for participation codes:
  • Sponsorships: p=sponsored; o=co-sponsored; s=signed
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  • Resolutions: i=introduced; w=wrote; a=adopted
  • Cases: w=wrote; j=joined; d=dissented; c=concurred
  • Surveys: '+' supports; '-' opposes.



Democrats participating in 16-S1726

Michael Bennet s1sCO Democratic Jr SenatorJul 9, 2015
Jeff Merkley s2pOR Democratic Jr SenatorJul 9, 2015
Barbara Mikulski s1sMD Democratic Sr Senator (Retiring 2016)Jan 12, 2016
Patty Murray s1sWA Democratic Sr SenatorJul 9, 2015
Harry Reid s1sNV Democratic Sr Senator (Retiring 2016)Nov 18, 2015
Brian Schatz s1sHI Democratic Jr Senator AppointeeApr 4, 2016
Elizabeth Warren s1sMA Democratic ChallengerJul 13, 2015
Ron Wyden s1sOR Democratic Sr SenatorJul 9, 2015



Republicans participating in 16-S1726

Cory Gardner s1sCO Republican Senate challengerJul 9, 2015
Dean Heller s1sNevada Republican (Resigned 2011)Dec 8, 2015
Rand Paul s1sKY Republican Jr SenatorJul 9, 2015



Independents participating in 16-S1726



Total recorded by OnTheIssues:

Democrats: 8
Republicans: 3
Independents: 0


















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