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Rules & Rulings & ESG – June 2021

Edward J. DeMarco, Jr.

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SAFE BANKING ACT OF 2021 PASSED BY THE HOUSE

The House of Representatives passed the Secure and Fair Enforcement (“SAFE”) Banking Act of 2021 on April 19, 2021, by a bipartisan vote of 321-101, with 106 Republicans joining Democrats. The bill next moves to the Senate for approval, where there is significant support. The SAFE Banking Act would generally prohibit a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate can…

About the Author
Edward J. DeMarco, Jr.
Chief Administrative Officer & General Counsel, RMA
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