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S4942Referred to Committee

A bill 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.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-24
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Jeff Merkley
Jeff Merkley
Democrat · OR · Senator
Votes with party: 85.1% (844 recorded votes)

Full profile: /officials/M001176

Source: Congress.gov · FEC

Cosponsors (3)

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

  • Elizabeth Warren (D-MA)Original· 2026-06-24
  • Lisa Murkowski (R-AK)Original· 2026-06-24
  • Steve Daines (R-MT)Original· 2026-06-24

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 →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-06-24

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-06-25

Plain-English Summary

Banks and other financial companies would be protected from federal penalties if they provide banking services to marijuana businesses that are legal under state law. Currently, many banks avoid working with legal marijuana companies because federal law still classifies marijuana as illegal, creating a conflict that puts financial institutions at legal risk. This bill would allow banks to safely serve these state-approved marijuana businesses and their suppliers without fear of federal prosecution or losing their banking licenses.

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.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • SJRES196A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations".
    Referred to Committee · 2026-06-24
  • S4937A bill to amend the Securities Exchange Act of 1934 to prohibit mandatory pre-dispute arbitration agreements, and for other purposes.
    Referred to Committee · 2026-06-24
  • SRES782A resolution recognizing the importance of pollinators to ecosystem health and agriculture in the United States by designating June 22 through June 28, 2026, as "National Pollinator Week".
    Referred to Committee · 2026-06-22
  • S4259Blue Skies for Taiwan Act of 2026
    Referred to Committee · 2026-06-17