SAFE Banking Act of 2026

Hozzl · 2026-07-15T17:20:39Z

Explore the details of Senate Bill 4942 SAFE Banking Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

7/15/2026, 5:20 PM

Summary of Bill S 4942

This bill, titled "A bill to create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses, and for other purposes," was introduced in the 119th Congress on June 24, 2026. It aims to establish safeguards for financial institutions that offer services to state-authorized marijuana enterprises and their service providers, along with additional unspecified objectives.

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Current Status of Bill S 4942

Bill S 4942 is currently in the status of Bill Introduced since June 24, 2026. Bill S 4942 was introduced during Congress 119 and was introduced to the Senate on June 24, 2026. Bill S 4942's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 24, 2026

Bipartisan Support of Bill S 4942

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4942

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 4942

SAFE Banking Act of 2026

Secure And Fair Enforcement Banking Act of 2026

A bill to create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses, and for other purposes.