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Code · BILL · 116th Congress · H.R. 1595 (Engrossed in House) — To create protections for depository institutions that provide financial services to cannabis-related legitimate busi... · Sec. 5

Sec. 5. Rules of construction

91 words·~1 min read·/bill/116/hr/1595/eh/section-5

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Nothing in this Act shall require a depository institution, entity performing a financial service for or in association with a depository institution, or insurer to provide financial services to a cannabis-related legitimate business, service provider, or any other business. Nothing in this Act may be construed in any way as limiting or otherwise restricting the general examination, supervisory, and enforcement authority of the Federal banking regulators, provided that the basis for any supervisory or enforcement action is not the provision of financial services to a cannabis-related legitimate business or service provider.
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