United States 119th Congress Status: In Committee Bipartisan · 4 D · 4 R cosponsors

S 4942 — SAFE Banking Act of 2026

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced June 24, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 8 sponsors

    1 primary, 7 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 D · 4 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill aims to provide banking access for cannabis-related businesses.

This legislation seeks to allow banks to work with cannabis businesses without federal penalties. It addresses banking challenges faced by the legal cannabis industry.

What this means for you
  • Small Business: This means greater access to financial services for cannabis businesses, improving their operational capabilities.

Bill Text

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 7 co-sponsors · 539 not signed on

Sponsors (1)

Co-sponsors (7)

Not signed on (539)

539 members have not signed on to this bill.

Show all 539 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 4942?
S 4942 is sponsored by Merkley, Jeff (Democratic), Murkowski, Lisa (Republican), Warren, Elizabeth (Democratic), Daines, Steve (Republican), Sullivan, Dan (Republican), Cortez Masto, Catherine (Democratic), Cramer, Kevin (Republican), and Murray, Patty (Democratic).
What is the current status of S 4942?
This bill is in committee in the Senate. Introduced June 24, 2026. It must pass committee before a floor vote.
Where can I track S 4942?
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Last checked for changes 3 months ago · updated continuously

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