This page contains bill sponsorships in the Senate and House. Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.

16-S1726 on Apr 28, 2015

1. terminating or limiting the deposit or share insurance of a depository institution solely because it provides financial services to a marijuana-related legitimate business; or
2. prohibiting, penalizing, or otherwise discouraging a depository institution from offering such services.

Argument in Favor: [Cato Institute, March 31, 2016]: Marijuana is now legal under the laws of [several] states, but not under federal law. And this creates huge headaches for marijuana businesses:

• Two years after Colorado fully legalized the sale of marijuana, most banks here still don't offer services to the businesses involved.
• Financial institutions are caught between state law that has legalized marijuana and federal law that bans it. Banks' federal regulators don't fully recognize such businesses and impose onerous reporting requirements on banks that deal with them.
• Without bank accounts, the burgeoning pot sector can't accept credit or debit cards from customers.

Participating counts on VoteMatch question 19. Question 19: Marijuana is a gateway drug Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
• Topic: Drugs
• Headline: Immunity for banks offering services to marijuana businesses (Score: -2)
• Headline 2: Sponsored bank immunity for services to marijuana businesses
  
  
• Key for participation codes:
• Sponsorships: p=sponsored; o=co-sponsored; s=signed
• Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
• Resolutions: i=introduced; w=wrote; a=adopted
• Cases: w=wrote; j=joined; d=dissented; c=concurred
• Surveys: '+' supports; '-' opposes.