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NCSL Sends Letter to Congressional Leadership Supporting SAFER Banking Act

For Immediate Release

September 25, 2023

Washington, D.C.—Tim Storey, chief executive officer of the National Conference of State Legislatures (NCSL), sent a letter to Congressional leadership on behalf of states supporting the Secure and Fair Enforcement Regulation Banking Act of 2023 (SAFER Banking Act).

“The inability of legal cannabis businesses to receive financial services from the federal banking system creates an unsafe and untenable position for these legal entities. The SAFER Banking Act would provide much-needed banking resources to legitimate state businesses,” Storey said.

Click here to read the letter.   

NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.

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