To prohibit Federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business
Prohibit federal agencies from taking adverse action against a person solely because they provide business assistance to a cannabis-related legitimate business.
Occurrences
H.R.7987 Sponsored — To prohibit Federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business
Evidence
legacy_unverified · Source version not recorded · locator unknown
“To prohibit Federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business...” Last Action Date Listed: March 18, 2026. Action: Mr. Reschenthaler (for himself and Mr. Carter of Louisiana) introduced the following bill; which was referred to the Committee on Financial Services.
legacy_unverified · Source version not recorded · locator unknown
“H.R. 7987. A bill to prohibit Federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business, to amend the Securities Exchange Act of 1934 ...; to the Committee on Financial Services.”
legacy_unverified · Source version not recorded · locator unknown
The official Reschenthaler legislation page lists H.R.9471 as “Cosponsored — SAFE Banking Act of 2026” updated 07/17/26, and H.R.7987 as “Sponsored — To prohibit Federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business...” updated 03/18/26.
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R.9471 as introduced June 25, 2026, with Guy Reschenthaler among the cosponsors, and says the bill was referred to the Committees on Financial Services, Judiciary, and Veterans' Affairs. Its full title is “To create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses...”
Assessments
Reschenthaler sponsored H.R. 7987 in the 119th Congress, and the bill text directly matches the promised prohibition on federal adverse action against people providing business assistance to cannabis-related legitimate businesses. However, the official record shows only introduction and referral to committee, with no enactment or implemented federal prohibition. His later cosponsorship of the 2026 SAFE Banking Act is related but narrower and also not enacted. This is a serious same-term legislative effort, but the promised outcome has not been delivered.
Reschenthaler clearly took concrete action by introducing H.R. 7987 in March 2026, and the bill text matches the promise. However, the available evidence shows only introduction and referral to the House Financial Services Committee, with no committee approval, chamber passage, enactment, or implemented federal prohibition yet documented. Because the promise concerns an actual policy change and there is no evidence the change has been achieved, it cannot be marked delivered. Since the bill is newly introduced in the same term and its final fate is not established in the record provided, the best classification is unresolved rather than never. His introduction of the bill warrants an effort badge.