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Committee passes SAFE Act with associations’ support
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Legislative Developments
Wednesday, April 3, 2019
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On March 28, 2019, the House Financial Services Committee voted to pass H.R. 595, the Secure and Fair Enforcement Banking Act of 2019, allowing marijuana-related business in states with existing regulatory structures to access the banking system. Before the mark up, several insurance industry associations, including the American Land Title Association, voiced support for an amendment, which was passed, that would include insurers in the bill’s safe harbor provisions. Read on for more details.
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