Hagedorn Supports Bill to Protect Minnesota Farmers

September 26, 2019
Press Release

WASHINGTON – Congressman Jim Hagedorn (MN-01) yesterday voted in favor of H.R. 1595, the “Secure and Fair Enforcement (SAFE) Banking Act of 2019.” The legislation passed the U.S. House by a vote of 321 to 103.

The legislation prohibits banks from withholding financial services from legitimate marijuana-related businesses, including Minnesota hemp farms and retail outlets. Similar language, recognizing industrial hemp under federal law, was included in the “Agriculture Improvement Act of 2018” (Farm Bill).

“This bipartisan bill will facilitate commerce and protect southern Minnesota’s hemp farmers from discriminatory banking practices that would damage our agricultural economy and rural communities. The legislation enjoys broad support from financial institutions and farmers across the state,” said Hagedorn.

Hagedorn clarified that he does not support the legalization of recreational marijuana use.

Jim Hagedorn was elected in 2018 to represent Minnesota’s First District in the U.S. House of Representatives. He grew up on his family’s grain and livestock farm near Truman. Jim’s father, former U.S. Congressman Tom Hagedorn (MN-02), grandfather, and great-grandfather were all southern Minnesota farmers. Jim currently resides in the rural farming community of Blue Earth. Hagedorn brings policy experience to Capitol Hill from time spent as a congressional aide to former U.S. Congressman Arlan Stangeland (MN-07) and a congressional relations officer for two non-partisan U.S. Department of the Treasury agencies. Hagedorn serves on the House Committees on Agriculture and Small Business to promote farming, Main Street enterprises and southern Minnesota’s way of life.