About the bill
Four states plus the District of Columbia have legalized recreational marijuana and 23 states allow medical marijuana. Several other states may follow suit later this year. However, all marijuana use remains illegal under federal law, where the Drug Enforcement Agency classifies it as a Schedule I drug, the strictest category for what are deemed the most dangerous drugs in the Controlled Substance Act.
This poses a problem for legally-operating marijuana businesses in those states, which have often found themselves denied access to the banking system for fear on the banks’ part of federal prosecution. The Marijuana Businesses Access to Banking Act -- S. 1726 and H.R. 2076 -- aims to change that.
The bills’ sponsors in the Senate and House represent two states that have legalized recreational marijuana use: …
Sponsor and status
Sponsor. Senator for Oregon. Democrat.
Last Updated: Jul 9, 2015
Length: 8 pages
114th Congress (2015–2017)
This bill was introduced on July 9, 2015, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
11 Cosponsors (7 Democrats, 3 Republicans, 1 Independent)
What legislators are saying
“Merkley, Murray Applaud Passage of Amendment to Help Legal Marijuana Businesses Access Banking Services”
— Sen. Patty Murray [D-WA] (Co-sponsor) on Jul 23, 2015
Jul 9, 2015
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
S. 1726 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 1726. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2022). S. 1726 — 114th Congress: Marijuana Businesses Access to Banking Act of 2015. Retrieved from https://www.govtrack.us/congress/bills/114/s1726
“S. 1726 — 114th Congress: Marijuana Businesses Access to Banking Act of 2015.” www.GovTrack.us. 2015. November 29, 2022 <https://www.govtrack.us/congress/bills/114/s1726>
Marijuana Businesses Access to Banking Act of 2015, S. 1726, 114th Cong..
|title=S. 1726 (114th)
|accessdate=November 29, 2022
|author=114th Congress (2015)
|date=July 9, 2015
|quote=Marijuana Businesses Access to Banking Act of 2015
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.