SAFER Banking Act Flaws
By Ben Sanderson
Prevent Operation Chokepoint 2.0 & Protect Gun Rights Not Just Wall Street Profits
Congress cannot allow Wall Street to profit off the legal marijuana industry while at the same time criminalizing the constitutional right to bear arms. It is unconscionable to criminalize the exercise of a God-given right because an individual engaged in legal or non-criminal activity.
In 43 states, Marijuana is either medically or recreationally legal[i]. Under the SAFER Banking Act of 2023, legal cannabis businesses would be able to collaborate with financial institutions despite marijuana not being federally legalized. However, the SAFER Banking Act does not extend this same protection to individuals who live in a state with legal marijuana that also wish to exercise their constitutionally protected right to keep a firearm in their home or carry a firearm in public for self defense.
When purchasing a firearm, gun owners must complete an unconstitutional registration Form 4473—a form not mandated by any statute. This permanent gun registration form not only records the make, model, serial number of the firearm or the name, address, and social security number of a prospective gun owner, but it also functions as an affidavit with a mandatory question asking:
Are you an unlawful user of, or