Congressman Andy Barr’s opening question to FDIC Chair Jelena McWilliams as it relates to hemp:
“I have had businesses (hemp) tell me that their access to financial products specifically card services have actually deteriorated since we de-scheduled industrial hemp in the 2018 Farm Bill… and this conflicts with Congressional intent… What is the FDIC doing in providing guidance and clarity to banks… to make sure banks have the confidence to offer their services to hemp businesses that are legal under both state and federal law?”
Congressman Andy Barr
Watch the video below: