MI HR0101

Urges U.S. Congress to enact legislation preventing federal regulators from penalizing banks that provide financial services to legitimate marijuana businesses in states where marijuana is legal.

Cites Michigan voters' approval of legalized medical and recreational marijuana while noting marijuana remains illegal under federal law, creating banking and taxation uncertainty.

Identifies public safety risks from the cash-intensive marijuana industry, including heightened robbery and violence risks from large cash holdings.

References the Secure and Fair Enforcement (SAFE) Banking Act of 2019 (H.R. 1595) as a bipartisan measure to provide safe harbor protections for depository institutions serving marijuana-related businesses.

Directs copies of the resolution be sent to the President of the U.S. Senate, Speaker of the U.S. House of Representatives, and Michigan's congressional delegation.