ALTA, Other Insurance Trades Share Support of SAFE Banking Act

May 16, 2023

ALTA and eight other insurance trade associations earlier this month sent a letter to several members of Congress to share support for the SAFE Banking Act of 2023. Over the last few years, ALTA has worked closely with sponsors to broaden the bill to protect insurance companies and settlement providers. This includes securing a provision that protects cannabis business service providers, including title and settlement companies, by insulating the proceeds of cannabis businesses from criminal or civil forfeiture.

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