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Secure and Fair Enforcement Banking Act of 2019

Floor Speech

Date: Sept. 25, 2019
Location: Washington, DC
Issues: Finance and Banking Marijuana

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Mr. DAVIDSON of Ohio. Madam Speaker, I rise today in support of the SAFE Banking Act.

This is a banking bill. It defends civil liberties with a simple concept: If it is legal in your State, you should be able to bank it. No Federal regulator should be able to block an American's lawful access to the financial system.

In Ohio, legal, State-regulated businesses are being forced into using cash or intermediaries. This bill will help get cash off our streets and into the regulated financial system.

I am also pleased the bill includes Mr. Luetkemeyer's legislation to stop the closing of accounts on the basis of political biases or motivations.

For far too long, financial institutions have said: You are not going to bank those people, are you?

It is time to defend civil liberties and pass this important bill.

Madam Speaker, I urge bipartisan, broad support of its passage.

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