MI HR0427

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

Cites Michigan's voter approval of regulated medical and recreational marijuana legalization while acknowledging marijuana remains illegal under federal law, creating banking and financial uncertainty.

Identifies public safety risks from marijuana industry reliance on cash transactions, including increased robbery and violence risks from large cash holdings.

References the Secure and Fair Enforcement (SAFE) Banking Act of 2021 (H.R. 1996 and S. 910) as bipartisan legislation to provide safe harbor for financial institutions serving marijuana 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.