HR 3540 · 116th Congress 2019–2021, ended

Ensuring Safe Capital Access for All Small Businesses Act of 2019

Latest action · Jul 30, 2019 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

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.

  1. IntroducedJun 27, 2019
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Ensuring Safe Capital Access for All Small Businesses Act of 2019

This bill removes cannabis from the schedule of controlled substances, and it prohibits the Small Business Administration from declining to provide certain small business loans to an eligible entity solely because it is a cannabis-related legitimate business or service provider.

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Committees 5

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseSmall Business Committee
Referred Jun 27, 2019
HouseEnergy and Commerce Committee
Referred Jun 27, 2019
Health Subcommittee
Referred Jun 28, 2019
HouseNatural Resources Committee
Referred Jun 27, 2019
Federal Lands Subcommittee
Referred Jul 16, 2019
HouseAgriculture Committee
Referred Jun 27, 2019
Forestry and Horticulture Subcommittee
Referred Jul 19, 2019
HouseJudiciary Committee
Referred Jun 27, 2019
Crime and Federal Government Surveillance Subcommittee
Referred Jul 30, 2019

Actions 6

Everything that happened, newest first.

  1. Jul 30, 2019Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
  2. Jul 19, 2019Referred to the Subcommittee on Conservation and Forestry.
  3. Jul 16, 2019Referred to the Subcommittee on National Parks, Forests, and Public Lands.
  4. Jun 28, 2019Referred to the Subcommittee on Health.
  5. Jun 27, 2019Introduced in House
  6. Jun 27, 2019Referred to the Committee on Small Business, and in addition to the Committees on Energy and Commerce, Natural Resources, Agriculture, and 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.

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

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 1 ``The Congress shall have Power to . . . provide for the . . . general Welfare of the United States; . . .''

The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 109, June 27, 2019, page H5259.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
S. Hrg. 116-82CHALLENGES FOR CANNABIS AND BANKING: OUTSIDE PERSPECTIVES419 pagesBanking, Housing, and Urban Affairs CommitteeJul 23, 2019

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2227MORE Act of 2019Related billJul 23, 2019
HR 3884MORE Act of 2020Related billDec 7, 2020

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To ensure that certain loan programs of the Small Business Administration are made available to cannabis-related legitimate businesses and service providers, and for other purposes.
Short Title(s) as Introduced
Ensuring Safe Capital Access for All Small Businesses Act of 2019

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Text 1

Each version as it was printed, newest first.

  1. Jun 27, 2019Introduced in House

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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.