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  • Home
  • About PACB
    • Board of Directors
    • PACB Services, Inc.
    • Hall of Fame
    • Contact
  • Membership
    • Become A Member!
    • Benefits of Associate Membership
    • Member Listing
    • Member Login
    • PACB Board Portal
    • PACB Job Board
  • Advocacy
    • Advocacy Issues
    • Advocacy Events
    • Action Center
    • FirstPAC
    • Legislative Briefing Calls
    • Ways to Engage
  • Education
    • Be a Speaker
    • CBWN Webinars
    • NextGen"U"
    • ICBA Education
    • PACB Foundation Scholarships
    • SBS Institute Certification Programs
  • Events
    • 2025 Convention
    • PACB INSPIRE Awards
    • Educational Events
  • Communications
    • News
    • Consumer Services
    • Hometown Banker Website
    • SUBSCRIBE TO HOMETOWN BANKER
    • Social Media
    • Photo Galleries
  • Advertising Opportunities

​News

ARTICLE

Date ArticleType
9/26/2019 Advocacy in Action

House Passes SAFE Banking Act

SAFE Act

Pennsylvania Association of Community Bankers applauds the US House of Representatives following passage of HR 1595 the Secure And Fair Enforcement (SAFE) Banking Act by a vote of 321-103.

“Pennsylvania’s community bankers are pleased with US House passage of the SAFE Banking Act. Inconsistency in state and federal law has created public safety concerns, as many cannabis related businesses remain unbanked. This legislation addresses financial institutions’ compliance and regulatory concerns, allowing legitimate cannabis related businesses and their ancillary businesses to have access to banking services,” said Kevin Shivers, PACB President and CEO.

“PACB is especially grateful to the Pennsylvania Congressional members who voted for the measure. We look forward to working with US Sens. Pat Toomey and Robert Casey, Jr. as the legislation’s consideration begins in the US Senate.”

As the debate heads to the Senate, PACB will continue its grassroots advocacy to advance this legislation in that chamber.

PACB's mission is to empower community banks to positively impact their communities.


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"To empower community banks to make positive impact within the communities they serve."