AAF Opposes SAFER Banking Act

September 29, 2023

Advancing American Freedom released the following statement condemning the SAFER Banking Act, which would further allow marijuana to be sold without penalty across the country by backstopping marijuana “business” bank accounts.

“The sale of marijuana is a federal crime, but soft-on-crime politicians have used loopholes to ignore the law and allow marijuana to be sold across the country,” said AAF Executive Director Paul Teller. “Now they want the Fed and the FDIC to backstop illegal bank accounts. It is time for Congress to show moral leadership, or next we will be voting on a marijuana bank bailout.”