Amodei Statement on House Passage of the SAFE Banking Act


Contact: Logan Tucker, 202-225-6155

WASHINGTON, D.C.–  Congressman Mark Amodei (NV-02) released the following statement today after the House successfully passed H.R. 1595, the SAFE Banking Act of 2019, legislation that would align state and federal marijuana banking laws to grant state-licensed cannabis businesses access to the federal banking system. This legislation is supported by all of Nevada’s Representatives in the House, and its Senate companion bill (S. 1200) is supported by both of Nevada’s Senators.

“While current federal law forces legal cannabis-related businesses to operate on a cash basis, the same federal implications do not exist for cities, counties, and states looking to also deposit cash from legal cannabis transactions into the federal banking system. Meaning, state and local governments can show up to the bank with all the cash they want – and there are no questions asked. In my opinion, it’s the height of hypocrisy for the federal government to accept tax money from cannabis-related businesses in Nevada, while at the same time, banning them access to the banking system. Additionally, being forced to operate exclusively on a cash basis, not only makes businesses soft targets for criminal activity, but it prevents the proper enforcement of billions of dollars in revenues for regulatory compliance purposes.

“By allowing state-licensed cannabis businesses access to the federal banking system, this legislation will protect public safety while also allowing law enforcement officials and financial regulators to properly monitor legal cannabis transactions.”


  • Office Locations

    Office Name Location Image Map URL
    Reno Office 5310 Kietzke Lane, Suite 103
    Reno, NV 89511
    Phone: (775) 686-5760
    Fax: (775) 686-5711
    Washington Office
    104 Cannon House Office Building
    Washington, DC 20515
    Phone: (202) 225-6155
    Fax: (202) 225-5679
    Elko Office
    905 Railroad Street, Suite 104 D
    Elko, NV 89801
    Office: (775) 777-7705
    Fax: (775) 753-9984

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    repName Congressman Mark Amodei  
    helpWithFedAgencyAddress 332 Cannon House Office Building
    Washington, DC 20515
    district 2nd District of Nevada  
    academyUSCitizenDate July 1, 2016  
    academyAgeDate July 1, 2016  
    academyApplicationDueDate October 20, 2016  
    repStateABBR NV  
    repDistrict 2  
    repState Nevada  
    repDistrictText 2nd  
    SponsoredBills Sponsored Bills  
    CoSponsoredBills Co-Sponsored Bills