SEC. 4. RULE OF CONSTRUCTION. 
Nothing in this Act shall require a depository institu-
tion to provide financial services to a cannabis-related le-
gitimate business. 
SEC. 5. REQUIREMENTS FOR FILING SUSPICIOUS ACTIVITY 
REPORTS. 
Section 5318(g) of title 31, United States Code, is 
amended by adding at the end the following: 
‘‘(5) REQUIREMENTS FOR CANNABIS-RELATED 
BUSINESSES.—A financial institution or any direc-
tor, officer, employee, or agent of a financial institu-
tion that reports a suspicious transaction pursuant 
to this subsection and the reason for the report re-
lates to a cannabis-related legitimate business (as 
defined in section 6 of the Secure and Fair Enforce-
ment Banking Act of 2017), the report shall comply 
with appropriate guidance issued by the Financial 
Crimes Enforcement Network. The Secretary shall 
ensure that the guidance is consistent with the pur-
pose and intent of the Secure and Fair Enforcement 
Banking Act of 2017 and does not inhibit the provi-
sion of financial services to a cannabis-related legiti-
mate business in a State or political subdivision of 
a State that has allowed the cultivation, production, 
manufacture, transportation, display, dispensing, 
distribution, sale, or purchase of cannabis pursuant 
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to law or regulation of such State or political sub-
division.’’. 
SEC. 6. DEFINITIONS. 
In this Act: 
(1) DEPOSITORY INSTITUTION.—The term ‘‘de-
pository institution’’ means— 
(A) a depository institution as defined in 
section 3(c) of the Federal Deposit Insurance 
Act (12 U.S.C. 1813(c)); 
(B) a Federal credit union as defined in 
section 101 of the Federal Credit Union Act 
(12 U.S.C. 1752); or 
(C) a State credit union as defined in sec-
tion 101 of the Federal Credit Union Act (12 
U.S.C. 1752). 
(2) 
FEDERAL
BANKING
REGULATOR.—The 
term ‘‘Federal banking regulator’’ means each of the 
Board of Governors of the Federal Reserve System, 
the Bureau of Consumer Financial Protection, the 
Federal Deposit Insurance Corporation, the Office of 
the Comptroller of the Currency, the National Credit 
Union Administration, or any Federal agency or de-
partment that regulates banking or financial serv-
ices, as determined by the Secretary of the Treas-
ury. 
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(3) FINANCIAL SERVICE.—The term ‘‘financial 
service’’ means a financial product or service as de-
fined in section 1002 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (12 U.S.C. 
5481). 
(4) MANUFACTURER.—The term ‘‘manufac-
turer’’ means a person who manufactures, com-
pounds, converts, processes, prepares, or packages 
cannabis or cannabis products. 
(5) CANNABIS-RELATED
LEGITIMATE
BUSI-
NESS.—The term ‘‘cannabis-related legitimate busi-
ness’’ means a manufacturer, producer, or any per-
son that— 
(A) engages in an activity described in sub-
paragraph (B) pursuant to a law or regulation 
of a State, political subdivision of a State, or a 
Tribal-State compact; or 
(B) participates in any business or orga-
nized activity that involves handling cannabis or 
cannabis products, including cultivating, pro-
ducing, manufacturing, selling, transporting, 
displaying, dispensing, distributing, or pur-
chasing cannabis or cannabis products. 
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(6) CANNABIS.—The term ‘‘cannabis’’ has the 
meaning given the term ‘‘marihuana’’ in section 102 
of the Controlled Substances Act (21 U.S.C. 802). 
(7) CANNABIS PRODUCT.—The term ‘‘cannabis 
product’’ means any article which contains cannabis, 
including an article which is a concentrate, an edi-
ble, a tincture, a cannabis-infused product, or a top-
ical. 
(8) PRODUCER.—The term ‘‘producer’’ means a 
person who plants, cultivates, harvests, or in any 
way facilitates the natural growth of cannabis. 
(9) STATE.—The term ‘‘State’’ means each of 
the several States, the District of Columbia, Puerto 
Rico, and any territory or possession of the United 
States. 
Æ 
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