The lead Republican sponsor of the Secure and Fair Enforcement (SAFE) Banking Act, Senator Cory Gardner (R-Colorado), said on Tuesday that lawmakers are “close to finding common ground” to advancing the reform measure.
During a speech at the Credit Union National Association’s (CUNA), Gardner said that he, Senator Mike Crapo (R-Idaho) and Senator Jeff Merkley (D-Oregon) have “made great progress on the details of the SAFE Banking Act.” The bill has been held up in the Senate since Banking Committee Chairman Crapo recommended changes that industry stakeholders view as untenable. Passage of the SAFE Banking Act remains a top federal priority of RCRC.