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; 18 are original cosponsors, there from 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 |
| D-OR | Peter A. DeFazio | Original | Jul 10, 2013 |
| D-CA | Sam Farr | Original | Jul 10, 2013 |
| D-WA | Suzan K. DelBene | Original | Jul 10, 2013 |
| D-CA | Barbara Lee | Jul 11, 2013 | |
| D-TN | Steve Cohen | Jul 11, 2013 | |
| D-CA | Jared Huffman | Jul 16, 2013 | |
| D-AZ | Raúl M. Grijalva | Jul 16, 2013 | |
| D-AZ | Ed Pastor | Jul 17, 2013 | |
| D-WI | Mark Pocan | Jul 17, 2013 | |
| D-CA | Brad Sherman | Jan 27, 2014 | |
| D-MA | James P. McGovern | Jan 27, 2014 | |
| D-CA | Zoe Lofgren | Feb 10, 2014 | |
| D-TX | Beto O'Rourke | Feb 21, 2014 | |
| D-NV | Dina Titus | Mar 11, 2014 | |
| D-CA | Eric Swalwell | May 7, 2014 | |
| R-SC | Mick Mulvaney | May 21, 2014 | |
| D-NY | Charles B. Rangel | Jun 17, 2014 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 10, 2013 |
| House | Judiciary Committee | Referred Jul 10, 2013 |
| Crime and Federal Government Surveillance Subcommittee | Referred Sep 13, 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.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H7944 | Earl Blumenauer D-OR | Nov 13, 2014 |
| House | Debate and remarks H2659 | Dina Titus D-NV | Mar 26, 2014 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H4370.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R43034 | State Legalization of Recreational Marijuana: Selected Legal Issues Archived | Report | Jan 13, 2014 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To create protections for depository institutions that provide financial services to marijuana-related businesses.
- Short Titles as Introduced
- Marijuana Businesses Access to Banking Act of 2013
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
