The SAFER Act ensures all businesses, including state-sanctioned cannabis businesses “have access to deposit accounts, insurance and other financial services” and “creates common-sense standards for banks and credit unions to maintain customer relationships and to expand access to deposit accounts for underbanked groups.” In September 2023, the U.S. Senate Banking Committee voted 14-9 to advance the bill out of Committee to the full Senate for consideration. Senator Elizabeth Warren (D-MA) voted in favor of advancing the legislation.