Marijuana Businesses Access to Banking Act of 2013
Latest action · Sep 13, 2013 Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 10, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Marijuana Businesses Access to Banking Act of 2013 - Prohibits a federal banking regulator from: (1) terminating or limiting the deposit insurance of a depository institution solely because it either provides or has provided financial services to a marijuana-related legitimate business; or (2) prohibiting, penalizing, or otherwise discouraging a depository institution from providing financial services to a marijuana-related legitimate business.
Prohibits a federal banking regulator, in addition, from recommending, motivating, providing incentives, or encouraging a depository institution not to offer financial services to an individual, or to downgrade or cancel financial services offered to an individual, solely because the individual: (1) is or later becomes a manufacturer, producer, owner or operator of a marijuana-related legitimate business; or (2) the depository institution was not aware that the individual is the owner or operator of a marijuana-related legitimate business.
Prohibits a federal banking regulator from taking any action on a loan to an owner or operator of: (1) a marijuana-related legitimate business, or (2) real estate or equipment that is leased to a marijuana-related legitimate business.
Grants immunity from federal criminal prosecution or investigation to a depository institution providing financial services to a marijuana-related legitimate business.
Prohibits the Secretary of the Treasury from requiring a depository institution, and any director, officer, employee, or agent of a depository institution, to report a transaction as suspicious solely because a party to the transaction is a marijuana-related legitimate business.
Cosponsors 32
Members who signed on, in the order they did. Signatures ran from Jul 10, 2013 to Jun 17, 2014, with 18 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WA | Adam Smith | Original | Jul 10, 2013 |
| D-CA | Alan S. Lowenthal | Original | Jul 10, 2013 |
| D-ME | Chellie Pingree | Original | Jul 10, 2013 |
| R-CA | Dana Rohrabacher | Original | Jul 10, 2013 |
| D-WA | Denny Heck | Original | Jul 10, 2013 |
| D-WA | Derek Kilmer | Original | Jul 10, 2013 |
| D-CO | Diana DeGette | Original | Jul 10, 2013 |
| D-OR | Earl Blumenauer | Original | Jul 10, 2013 |
| D-DC | Eleanor Holmes Norton | Original | Jul 10, 2013 |
| D-VA | James P. Moran | Original | Jul 10, 2013 |
| D-IL | Janice D. Schakowsky | Original | Jul 10, 2013 |
| D-CO | Jared Polis | Original | Jul 10, 2013 |
| D-WA | Jim McDermott | Original | Jul 10, 2013 |
| D-MA | Michael E. Capuano | Original | Jul 10, 2013 |
| R-CO | Mike Coffman | Original | Jul 10, 2013 |
Actions 3
Everything that happened, newest first.
- Sep 13, 2013Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
- Jul 10, 2013Introduced in House
- Jul 10, 2013Referred to the Committee on Financial 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 committee concerned.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 10, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.