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Tag: Safe Banking

Daines’ SAFER Banking Act is Headed to the Floor

September 27, 2023

Bill Would Ensure Energy Companies and Firearm Manufacturers Have Access to Financial Institutions U.S. SENATE – U.S.Senator Steve Daines today issued the following statement after his bipartisan “SAFER Banking Act” passed the Banking Committee with bipartisan support. “The ‘SAFER Banking Act’ is a win-win for our Montana communities. On one hand, it’s about keeping our Montana communities safe, reducing the risk of crime and providing much-needed clarity for law enforcement officers. It’s also about protecting legal business’ access to financial institutions. Whether it’s a legal cannabis business, a legal gun manufacturer or a legal energy company, no Montana business should be shut out of banks or credit unions because of ideological

Daines Protects Montana Businesses from Liberal Initiatives in “SAFER Banking”

September 21, 2023

Bill Ensures Permanent End to Obama-era Operation Chokepoint that Targeted Conservative-Aligned Industries U.S. SENATE – U.S. Senator Steve Daines secured important protections for energy companies and gun manufacturers in the “SAFER Banking Act,” which will be considered before the Senate Banking Committee next week. Daines’ efforts will protect Montana businesses from liberal initiatives that are part of the Environmental and Social Governance (ESG) movement. Daines also worked to ensure Operation Chokepoint, an illegal initiative put in place by the Obama administration that pressured banks to close accounts of industries they were ideologically opposed to, can never happen again. “The ‘SAFER Banking Act’ is about keeping our Montana communities safe and reducing the risk of crime but it’s also an important opportunity to ensure

Daines Testifies on the Importance of Passing SAFE Banking Bill

May 11, 2023

Bill Would Ensure Legal Cannabis Businesses Have Access to Financial System Click HERE to watch and download. “I’m pleased that the Banking Committee is holding a hearing on this important topic. Across my home state of Montana, and in communities across the country, legal businesses are facing a public safety crisis. These businesses are often forced to operate in all-cash, are appealing targets for robbers. Senator Merkley talked about what’s happening in his State of Oregon, just to the north of him in Washington state for instance, 2022 saw at least 100 armed robberies at cannabis retail stores – the most in the past 10 years. Tragically,

What Montana Law Enforcement is Saying About Daines’ Bipartisan SAFE Banking Act

April 26, 2023

U.S. SENATE – Following Senator Daines’ reintroduction of his bipartisan “SAFE Banking Act,” several Montana sheriffs voiced their support for the bill to promote public safety. “Regardless of how you feel about recreational marijuana, the people of Montana have spoken. Recreational marijuana is legal in our state. It’s our responsibility to make sure we have a safe way for businesses to conduct their business. Every time that I’ve seen a cash-only business exist in any community, there’s a huge element of organized crime that comes with that. Senator Daines is taking a very responsible and logical step to ensure public safety is

Daines Reintroduces Bipartisan Bill to Increase Public Safety, Support Montana Small Businesses

April 26, 2023

U.S. SENATE— U.S. Senator Steve Daines today introduced a bipartisan bill, the “Secure and Fair Enforcement (SAFE) Banking Act,” to ensure that legal cannabis businesses have access to banks, credit unions and other financial institutions. Today, many legal cannabis businesses must conduct all of their business entirely in cash, opening them up to theft, tax evasion and organized crime. “Montanans should be able to conduct their small business without fearing for their safety,” Daines said. “Our bipartisan bill would provide the security and peace of mind that legal Montana cannabis businesses need to freely use banks, credit unions and other financial products without a fear of punishment. This bill will help keep our Montana communities safe, keep crime off