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The House sponsor of a bipartisan marijuana banking bill revealed on Friday that conversations have been happening behind the scenes with Senate leadership about amending his legislation in a way that more specifically addresses equity issues to win their support. Rep. Ed Perlmutter (D-CO) made the comments to Marijuana Moment just hours before the House passed the Secure and Fair Enforcement (SAFE) Banking Act for the sixth time as part of a large-scale bill.<\/p>\n
Members voted 222-210 to pass the manufacturing and innovation bill\u2014the America COMPETES Act\u2014to which the cannabis banking measure was attached via an amendment<\/a> on Thursday.<\/p>\n While advocates have reason to be skeptical about whether the Senate will follow suit given leadership\u2019s insistence on passing comprehensive legalization first, Perlmutter said that he\u2019s been in talks about revising the legislation in a way that could assuage the concerns of Senate Majority Leader Chuck Schumer (D-NY) and colleagues.<\/p>\n \u201cWe have initiated conversations\u201d with Schumer\u2019s and Sen. Cory Booker\u2019s (D-NJ) offices, the congressman said in response to a question from Marijuana Moment at a press briefing.<\/p>\n \u201cI\u2019ve had discussions with [House Speaker Nancy Pelosi (D-CA)] as to places where, if they\u2019re interested in X, Y or Z, we certainly would be interested in X, Y and Z. It\u2019s just time to pass something that rationalizes the banking.\u201d<\/p>\n \u201cAnything else\u2014any criminal justice reform, any tax reform, any research elements\u2014those are all bonuses, and we would look at them in a very positive light,\u201d Perlmutter said.<\/p>\n The conversations started even before the last time the House passed the SAFE Banking Act through its version of the National Defense Authorization Act (NDAA), he said. But those discussions didn\u2019t produce results in time, as the banking language was removed following bicameral negotiations<\/a>, and Perlmutter placed much of the blame on Schumer.<\/p>\n The Senate already passed its related version of the new innovation bill, with a focus on competing with China on trade, and that legislation does not contain the cannabis banking language. It remains to be seen what will come out of the resulting bicameral negotiations to merge the two forms of the legislation into something to send to the president\u2019s desk.<\/p>\n \u2014 Schumer recently reiterated that he would be amenable to advancing the banking reform<\/a> if certain amendments are added to further promote equity. But while Perlmutter said he\u2019s open to it, he also cautioned that changing the bipartisan bill too much with new equity provisions could end up spurring some Republican members, including from key players like House Financial Services Committee Ranking Member Patrick McHenry (R-NC), to vigorously oppose passage, thus losing needed support from that side of the aisle.<\/p>\n McHenry \u201cis not supporting the bill, but he hasn\u2019t been a roadblock to us continuing to offer it as an amendment,\u201d the sponsor said.<\/p>\n \u201cThere are a lot of people and a lot of moving parts to this stuff. And the more we add, the the more likely he is to kind of be the roadblock to an amendment,\u201d Perlmutter said. \u201cSo you\u2019ve got to take into consideration a number of different players as you move forward on something.\u201d<\/p>\n The congressman was also asked whether he\u2019s spoken to Pelosi about personally advocating for keeping banking in the large-scale manufacturing and innovation bill to which it was attached in bicameral conference. He said, \u201cyes I have and yes she will.\u201d<\/p>\n Rep. Dave Joyce (R-OH), who participated in the pen-and-pad alongside Perlmutter, said there is agreement in passing \u201ctargeted, bipartisan cannabis reforms like\u201d the SAFE Banking Act, as well as a bill he\u2019s sponsoring with Rep. Alexandria Ocasio-Cortez (D-NY) to incentive states to expunge marijuana records<\/a>.<\/p>\n Thank you for your advocacy and partnership as we continue to push forward to reform our federal cannabis laws. https:\/\/t.co\/NNDkJZx32b<\/a><\/p>\n \u2014 Rep. Ed Perlmutter (@RepPerlmutter) February 4, 2022<\/a><\/p>\n<\/blockquote>\n\n The reforms \u201ccan\u2014and should\u2014pass this otherwise divided Congress,\u201d he said.<\/p>\n Other Republicans are scratching their heads about how Democrats have so far failed to pass the modest banking reform with majorities in both chambers and control of the White House, too. For example, Rep. Rand Paul (R-KY) criticized his Democratic colleagues over the issue<\/a> in December.<\/p>\n In the interim, federal financial regulator Rodney Hood\u2014a board member and former chairman of the federal National Credit Union Administration (NCUA)\u2014recently said that marijuana legalization is not a question of \u201cif\u201d but \u201cwhen,\u201d and he\u2019s again offering advice on\u00a0how to navigate the federal-state conflict<\/a>\u00a0that has left many banks reluctant to work with cannabis businesses.<\/p>\n Seattle Doctor Files DEA Petition To Reschedule Psilocybin For Medical Use<\/a><\/p>\n<\/blockquote>\n\n Photo courtesy of Brian Shamblen<\/a>.<\/em><\/p>\n The post Marijuana Banking Sponsor Says He\u2019s In Amendment Talks With Senate Leader As House Passes Reform For Sixth Time<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
The House sponsor of a bipartisan marijuana banking bill revealed on Friday that conversations have been happening behind the scenes with Senate leadership about amending his legislation in a way that more specifically addresses equity issues to win their support. Rep. Ed Perlmutter (D-CO) made the comments to Marijuana MomentContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":52726,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,81],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52725"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=52725"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52725\/revisions"}],"predecessor-version":[{"id":52727,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52725\/revisions\/52727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/52726"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=52725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=52725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=52725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRead More: Marijuana Banking Sponsor Says He\u2019s In Amendment Talks With Senate Leader As House Passes Reform For Sixth Time<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"