The results of new polling shows that a majority of adults in the US want the federal government to pass the SAFER Banking Act.
The survey, unveiled today at the start of American Bankers Association’s (ABA) 2023 Annual Convention in Nashville, Tennessee, gauged consumers’ views on access to banking services, overdraft protection and cannabis banking. The poll was conducted by Morning Consult and included 2,211 participants.
The survey found that “by greater than a 2-to-1 margin (55% support vs 23% oppose) U.S. adults support Congress passing legislation that allows cannabis businesses to access banking services.”
Rob Nichols, ABA president and CEO, says; “In the wake of the recent Senate Banking Committee vote to advance the SAFER Banking Act, this new data indicates that Americans believe Congress should end the ongoing conflict between state and federal law on cannabis banking issues by passing this urgently needed, bipartisan legislation that will enhance public safety.”
The SAFER Banking Act (S.2860) has garnered tripartisan support in Senate, with over 30 sponsors. The proposal was recently given approval by the Senate Committee on Banking, Housing and Urban Affairs, with Senate Majority Leader Chuck Schumer vowing to put it to a vote of the full Senate “very soon”.
Recently the CEO of the National Conference of State Legislatures (NCSL) sent a letter to Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell urging them to pass the bill into law. A bipartisan coalition of 21 state attorneys general and the attorney general of D.C. sent a similar letter to congressional leaders urging them to pass the SAFER Banking Act.