I 
115TH CONGRESS 
1ST SESSION H. R. 2215 
To create protections for depository institutions that provide financial services 
to cannabis-related legitimate businesses, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 27, 2017 
Mr. PERLMUTTER (for himself, Mr. BLUMENAUER, Mr. COFFMAN, Mr. 
COHEN, Mr. CONYERS, Mr. CORREA, Mr. COURTNEY, Ms. DEGETTE, Mr. 
DELANEY, Ms. DELBENE, Mr. HECK, Mr. HUNTER, Ms. JAYAPAL, Mr. 
KIHUEN, Ms. LEE, Mr. LEWIS of Minnesota, Mr. TED LIEU of Cali-
fornia, Ms. MCCOLLUM, Mr. MCGOVERN, Ms. NORTON, Mr. PETERS, Mr. 
POCAN, Mr. POLIS, Mr. ROHRABACHER, Mr. SCHRADER, Mr. SHERMAN, 
Mr. SWALWELL of California, Ms. TITUS, and Mr. YOUNG of Alaska) in-
troduced the following bill; which was referred to the Committee on Fi-
nancial Services, and in addition to the Committee on the Judiciary, for 
a period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the com-
mittee concerned 
A BILL 
To create protections for depository institutions that provide 
financial services to cannabis-related legitimate busi-
nesses, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Secure And Fair En-
forcement Banking Act of 2017’’ or the ‘‘SAFE Act of 
2017’’. 
SEC. 2. SAFE HARBOR FOR DEPOSITORY INSTITUTIONS. 
A Federal banking regulator may not— 
(1) terminate or limit the deposit insur-
ance or share insurance of a depository institu-
tion under the Federal Deposit Insurance Act 
(12 U.S.C. 1811 et seq.) or the Federal Credit 
Union Act (12 U.S.C. 1751 et seq.) solely be-
cause the depository institution provides or has 
provided financial services to a cannabis-related 
legitimate business; 
(2) prohibit, penalize, or otherwise discour-
age a depository institution from providing fi-
nancial services to a cannabis-related legitimate 
business or to a State or political subdivision of 
a State that exercises jurisdiction over can-
nabis-related legitimate businesses; 
(3) recommend, incentivize, or encourage a 
depository institution not to offer financial serv-
ices to an account holder, or to downgrade or 
cancel the financial services offered to an ac-
count holder solely because— 
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(A) the account holder is a manufac-
turer or producer, or is the owner, oper-
ator, or employee of a cannabis-related le-
gitimate business; 
(B) the account holder later becomes 
an owner or operator of a cannabis-related 
legitimate business; or 
(C) the depository institution was not 
aware that the account holder is the owner 
or operator of a cannabis-related legitimate 
business; and 
(4) take any adverse or corrective super-
visory action on a loan made to an owner or op-
erator of— 
(A) a cannabis-related legitimate busi-
ness, solely because the owner or operator 
owns or operates a cannabis-related legiti-
mate business; or 
(B) real estate or equipment that is 
leased to a cannabis-related legitimate 
business, solely because the owner or oper-
ator of the real estate or equipment leased 
the equipment or real estate to a cannabis- 
related legitimate business. 
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SEC. 3. PROTECTIONS UNDER FEDERAL LAW. 
(a) IN GENERAL.—In a State or a political subdivi-
sion of a State that allows the cultivation, production, 
manufacture, sale, transportation, display, dispensing, dis-
tribution, or purchase of cannabis pursuant to a law or 
regulation of such State or political subdivision a deposi-
tory institution that provides financial services to a can-
nabis-related legitimate business, and the officers, direc-
tors, and employees of that depository institution may not 
be held liable pursuant to any Federal law or regulation— 
(1) solely for providing such financial services 
pursuant to the law or regulation of such State or 
political subdivision; or 
(2) for further investing any income derived 
from such financial services. 
(b) FORFEITURE.—A depository institution that has 
a legal interest in the collateral for a loan or another fi-
nancial service provided to an owner or operator of a can-
nabis-related legitimate business, or to an owner or oper-
ator of real estate or equipment that is leased or sold to 
a cannabis-related legitimate business, shall not be subject 
to criminal, civil, or administrative forfeiture of that legal 
interest pursuant to any Federal law for providing such 
loan or other financial service. 
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