Our Two Cents with MBA

SAFE Banking Act - James Ballentine, ABA EVP Congressional Relations

May 04, 2021 Missouri Bankers Association
Our Two Cents with MBA
SAFE Banking Act - James Ballentine, ABA EVP Congressional Relations
Show Notes

In this episode, we discuss the SAFE Banking Act which passed the US House of Representatives on April 19. This bill would allow banks to provide financial services to cannabis businesses or cannabis related businesses, something that is currently a point of contention due to conflict between state and federal drug classifications. Interestingly, this bill bypassed the Financial Services Subcommittee and moved straight to the floor of the House where it quickly passed with wide bipartisan support. James Ballentine, EVP of Congressional Relations and Political Affairs for the American Bankers Association, joined us for a discussion focusing on why and how this legislation moved so quickly and what to expect as it begins its journey in the Senate.

Connect with MBA
Facebook | X | LinkedIn | Instagram