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U.S. GOVERNMENT
INFORMATION
GPO
116TH CONGRESS } 1 REPT. 116-104
1st Session HOUSE OF REPRESENTATIVES Part 1
SAFE BANKING ACT OF 2019
JUNE 5, 2019.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Ms. MAXINE WATERS of California, from the Committee on
Financial Services, submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 1595]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1595) to create protections for depository institutions that
provide financial services to cannabis-related legitimate businesses
and service providers for such businesses, and for other purposes,
having considered the same, report favorably thereon with an
amendment and recommend that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... 8
Background and Need for Legislation ................................................................... 8
Section-by-Section Analysis ................................................................................... 9
H earings ................................................................................................................... 13
Com m ittee Consideration ........................................................................................ 13
C om m ittee V otes ...................................................................................................... 14
Statement of Oversight Findings and Recommendations of the Committee ...... 21
Statement of Performance Goals and Objectives .................................................. 21
New Budget Authority and CBO Cost Estimate ................................................... 21
Com m ittee Cost Estim ate ....................................................................................... 26
Unfunded M andate Statem ent ............................................................................... 26
A dvisory Com m ittee ................................................................................................ 27
Com m ittee Correspondence .................................................................................... 28
Application of Law to the Legislative Branch ....................................................... 30
E arm ark Statem ent ................................................................................................. 30
Duplication of Federal Program s ............................................................................ 30
Changes to Existing Law ........................................................................................ 30
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