# 119-hr-9471: SAFE Banking Act of 2026

119-hr-9471, SAFE Banking Act of 2026, is a 119th Congress bill sponsored by Rep. Joyce, David P. [R-OH-14] (R-OH); status in_committee; PRIA reads it as touching household money (as of 2026-08-22).

- Canonical: https://policyrisk.com/legislation/119-hr-9471
- As of: 2026-08-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9471
- Congress: 119
- Title: SAFE Banking Act of 2026
- Status: in_committee
- Introduced: 2026-06-25
- Sponsor: Rep. Joyce, David P. [R-OH-14] (R-OH)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-22

## Summary

**Creates a federal safe harbor so banks and other financial firms can serve state‑legal marijuana and hemp businesses without facing federal liability.** The bill also standardizes Treasury and banking‑examiner guidance and treats lawful cannabis income as valid mortgage income when lenders follow new agency rules. - State‑sanctioned marijuana and hemp businesses would gain protection from criminal, civil, or forfeiture actions solely for engaging with financial institutions when they follow applicable State or Tribal law. This makes proceeds from compliant activity not automatically subject to federal money‑laundering treatment. - Depository institutions and ancillary service providers like money transmitters and armored‑car operators would get a clear safe harbor and a legacy‑deposit pathway, including a 90‑day window to establish accounts and documentation requirements to show deposit sources. - Homebuyers and lenders would see income from compliant marijuana businesses treated as lawful for qualifying for FHA, VA, USDA, Fannie Mae, and Freddie Mac 1–4 unit mortgages, and regulators must issue implementation guidance within 180 days. The bill also requires annual diversity reporting and GAO studies on barriers and suspicious‑activity reporting.

## Cosponsors (9)

- Rep. Himes, James A. [D-CT-4] (D-CT), 2026-06-25T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2026-06-25T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2026-06-25T00:00:00.000Z
- Rep. Reschenthaler, Guy [R-PA-14] (R-PA), 2026-06-25T00:00:00.000Z
- Rep. Titus, Dina [D-NV-1] (D-NV), 2026-06-25T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2026-06-25T00:00:00.000Z
- Rep. Mast, Brian J. [R-FL-21] (R-FL), 2026-06-25T00:00:00.000Z
- Rep. Rogers, Mike D. [R-AL-3] (R-AL), 2026-08-20T00:00:00.000Z
- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2026-08-20T00:00:00.000Z

## Provisions PRIA read

- Mortgage access for marijuana income: benefit, high. If enacted, this bill would let federally backed mortgage programs treat income from state‑sanctioned marijuana businesses as lawful income when qualifying borrowers for 1‑ to 4‑unit principal residence loans. It would bar forfeiture of mortgage collateral solely because loan underwriting or paymen…
- Bank safe harbor for cannabis and hemp: benefit, medium. If enacted, this bill would protect banks, insurers, Federal Reserve Banks, Federal Home Loan Banks, and other covered institutions from federal liability solely for providing financial services to state‑sanctioned marijuana businesses and, in most respects, to hemp‑related legitimate businesses. I…
- Regulatory guidance and reporting for banks: mixed, medium. If enacted, the bill would require the FFIEC to issue uniform exam guidance within 180 days and federal regulators to update hemp banking guidance within 90 days. It would create a legacy‑deposit pathway letting banks accept certain cash deposits from state‑legal marijuana businesses if the deposit…

## Related bills

- 119-hr-8800: National Defense Authorization Act for Fiscal Year 2027
- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3838: Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2102: Major Richard Star Act

## Sources
- [119-hr-9471 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9471)

## Related
- [119-hr-8800: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-hr-8800)
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3838: Streamlining Procurement for Effective Execution and Delivery and National Defe…](https://policyrisk.com/legislation/119-hr-3838)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9471 (as of 2026-08-22).