The fight continues to get the Senate to pass a marijuana banking reform bill, and the measure\u2019s House sponsor says he\u2019s \u201cconfident\u201d that the opposite chamber will finally take it up.<\/p>\n
Rep. Ed Perlmutter (D-CO) has been trying to get the Secure and Fair Enforcement (SAFE) Banking Act across the finish line for several years now, and his latest attempt is to pass it as part of a large-scale manufacturing and innovation bill to which the cannabis language was recently attached<\/a> in the House.<\/p>\n In an interview with Yahoo Finance on Friday, the congressman discussed the prospects of his proposal, which has cleared the House six times in some form now. He said that while Senate leadership has insisted on passing comprehensive legalization first, he still sees opportunities to advance his bipartisan incremental reform.<\/p>\n \u201cEvery [House] Democrat and at least half the Republicans have supported SAFE Banking, and I am confident that the Senate will take it up,\u201d he said. He recognized that Senate Majority Leader Chuck Schumer (D-NY) and colleagues are prioritizing broad legalization legislation that they plan to formally file in April<\/a>, but he said that he\u2019s \u201cquestioned whether they have the votes to get something of that magnitude through the Senate, which has not even had a hearing really on marijuana in 50 plus years.\u201d<\/p>\n \u201cEight years of my 16 year career I\u2019ve been working on this, since Colorado legalized marijuana back in 2012-2013,\u201d @RepPerlmutter<\/a> says about the Safe Banking Act. \u201cI am confident that the Senate will take it up.\u201d More: pic.twitter.com\/CCeRHzFgcm<\/a><\/p>\n \u2014 Yahoo Finance (@YahooFinance) February 11, 2022<\/a><\/p>\n<\/blockquote>\n\n \u201cWe\u2019re going to keep working with the Senate, working with Schumer\u2019s office, working with [Sen. Cory Booker\u2019s (D-NJ)] office working with [Sen. Steve Daines (R-MT)], a Republican who is championing this bill in the Senate, and we\u2019re going to get it across the finish line,\u201d Perlmutter said. \u201cI am really pretty confident about it, whether it\u2019s with the [the America COMPETES Act] or something else, we\u2019re going to get it done.\u201d<\/p>\n The congressman, who is retiring at the end of the session and has committed himself to getting SAFE Banking enacted before then, also talked about the political dynamics that have prevented his reform bill from moving through the Senate.<\/p>\n Under prior GOP control, it stalled because a key Republican committee chairman felt it was too broad, he said. Under Democratic control, it\u2019s yet to advance because leadership feels it\u2019s too narrow.<\/p>\n He reiterated that he would be open to further amending the proposal to satisfy Schumer and his colleagues.<\/p>\n \u201cThey\u2019re in support of it, but they just want to try to get some bigger pieces to it,\u201d he said. \u201cIf they can add research, if they can add some criminal justice reform, if they can add some taxation components, I\u2019m all for it. But we need to get something passed and on to the president this year.\u201d<\/p>\n He made similar comments in response to a question from Marijuana Moment<\/a> during a press briefing last week, when he also discussed possible consequences of expanding the reform proposal too much to the point where it loses some critical Republican support.<\/p>\n \u201cReally, I\u2019m pretty confident that it\u2019s going to happen,\u201d he said in the new interview. \u201cI think this is the bill that\u2019s going to break the ice, and then other things can be added or advocated for over the course of the next few months or years.\u201d<\/p>\n Meanwhile, some 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>\u00a0in 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 Twitch Says Marijuana-Themed Usernames Are Exempt From New Ban, Just Like Alcohol And Tobacco<\/a><\/p>\n<\/blockquote>\n\n The post House Marijuana Banking Bill Sponsor Is \u2018Confident\u2019 It Will Advance Through Senate Despite Obstacles<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
The fight continues to get the Senate to pass a marijuana banking reform bill, and the measure\u2019s House sponsor says he\u2019s \u201cconfident\u201d that the opposite chamber will finally take it up. Rep. Ed Perlmutter (D-CO) has been trying to get the Secure and Fair Enforcement (SAFE) Banking Act across theContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,81,126],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52870"}],"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=52870"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52870\/revisions"}],"predecessor-version":[{"id":52871,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/52870\/revisions\/52871"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=52870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=52870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=52870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\nRead More: House Marijuana Banking Bill Sponsor Is \u2018Confident\u2019 It Will Advance Through Senate Despite Obstacles<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"