HR9471Referred to Committee

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.

Introduced

In Committee

Passed One Chamber

Passed Both

Signed into Law

119th

Congress

2026-06-25

Introduced

Cosponsors

ⓘ

Type

Sponsor

David P. Joyce

Republican · OH · Representative

Votes with party: 94.7% (565 recorded votes)

Full profile: /officials/J000295

Source: Congress.gov · FEC

Cosponsors (7)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2026-06-25

Source: Congress.gov

Committee Activity

Currently in

House Committee on the JudiciaryReferred To · 2026-06-25
House Committee on Veterans' AffairsReferred To · 2026-06-25
House Committee on Financial ServicesReferred To · 2026-06-25

Plain-English Summary

Banks and other financial companies would be protected from federal penalties if they provide banking services to legal marijuana businesses in states where cannabis is allowed. Currently, many banks avoid working with marijuana companies because federal law still classifies marijuana as illegal, creating a risky situation where legal state businesses struggle to access banking services. This bill would remove that barrier so that banks can safely serve the marijuana industry without fear of federal prosecution.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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