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Senate Majority Leader Chuck Schumer (D-NY) has once again included a bipartisan marijuana banking bill in a list of legislative priorities he hopes to advance this year.<\/p>\n
During a press briefing on Tuesday, Schumer was asked about what\u2019s on the chamber\u2019s agenda after senators passed a foreign aid package this week.<\/p>\n
He said that \u201cwe have a bunch of different bills\u201d that will \u201call have to work in a bipartisan way, and we\u2019ll do our best to get many of them done.\u201d<\/p>\n
That includes \u201ctrying to deal with\u201d the Secure and Fair Enforcement Regulation (SAFER) Banking Act \u201cand cannabis reform,\u201d Schumer said. He also listed legislation addressing insulin pricing, online child safety and railway safety as priorities.<\/p>\n
\u201cWe\u2019ve got a lot to do,\u201d the majority leader said. \u201cAnd if we can work in a bipartisan way, we will.\u201d<\/p>\n
Schumer has made repeated pledges to move the SAFER Banking Act since it cleared the Senate Banking Committee last September. And now that the Senate has approved must-pass appropriations legislation and foreign aid to Ukraine, Israel and Taiwan, there are heightened expectations that floor action could be on the horizon.<\/p>\n
Adding to those expectations is the recent introduction of a bill to incentivize expungements for past cannabis offenses at the state, local and tribal levels<\/a>. Schumer has made clear he intends to attach that measure to the banking legislation on the floor.<\/p>\n Bipartisan and bicameral lawmakers have become increasingly vocal about different mechanisms through which they might be able to advance the cannabis banking measure<\/a>, including the possibility of\u00a0moving it as part of a package with cryptocurrency regulations legislation<\/a>\u00a0that could be attached to a Federal Aviation Administration (FAA) reauthorization measure.<\/p>\n Schumer also recently asked people to\u00a0show their support for the SAFER Banking Act by signing a petition<\/a>\u00a0as he steps up his push for the legislation. A poll released last month by the American Bankers Association (ABA) shows that roughly three out of five Americans\u00a0support allowing marijuana industry access to the banking system<\/a>.<\/p>\n Rep. Nancy Mace (R-SC) said that that\u00a0\u201cif Republicans want to keep the House,\u201d they should pass the marijuana banking bill<\/a>, arguing that \u201cthere are votes\u201d to approve it.<\/p>\n Schumer told Marijuana Moment last month that\u00a0the bill remains a \u201cvery high priority\u201d for the Senate<\/a>, and members are having \u201cvery productive\u201d bicameral talks to reach a final agreement.<\/p>\n \u2014 Senate Banking Committee Chairman Sherrod Brown (D-OH) also said last month that\u00a0passing the SAFER Banking Act off the floor is a \u201chigh priority.\u201d<\/a>\u00a0However, he also recently said in a separate interview that\u00a0advancing the legislation is complicated by current House dynamics<\/a>.<\/p>\n House Majority Whip Tom Emmer (R-MN) separately said during a recent American Bankers Association (ABA) summit that he wants to see the SAFER Banking Act move.<\/p>\n He said that, \u201cfor whatever reason, the federal government has been slow\u201d to act on the incremental reform that he supports even though he doesn\u2019t identify as \u201ca marijuana guy.\u201d<\/p>\n One key factor that\u2019s kept the bill from the Senate floor is disagreement over mostly non-cannabis provisions dealing with broader banking regulations, primarily those contained in Section 10 of the legislation.<\/p>\n Bicameral negotiations have been ongoing, however, and recent reporting suggests that a final deal could be just over the horizon.<\/p>\n The Democratic Senate sponsor of the SAFER Banking Act, Sen. Jeff Merkley (D-OR), told Marijuana Moment last month that the legislation is \u201cgaining momentum\u201d as lawmakers work to bring it to the floor and pass it \u201cthis year.\u201d<\/p>\n Rep. Earl Blumenauer, founding co-chair of the Congressional Cannabis Caucus, told Marijuana Moment last week that, \u201cevery day we\u2019re closer on SAFE Banking,<\/a> and negotiations \u201care ongoing in the House and Senate, and we are, in fact, making progress.\u201d<\/p>\n At the close of the first half of the 118th Congress in December, Schumer said in a floor speech that lawmakers would \u201chit the ground running\u201d in 2024, aiming to\u00a0build on bipartisan progress on several key issues, including marijuana banking reform<\/a>\u2014though he noted it \u201cwon\u2019t be easy.\u201d<\/p>\n Federal Settlement Will Allow Arizona Church To Import, Process And Use Ayahuasca As Religious Sacrament<\/a><\/p>\n<\/blockquote>\n\n The post Senators Will \u2018Do Our Best\u2019 To Pass Marijuana Banking Bill \u2018In A Bipartisan Way,\u2019 Schumer Says<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
Senate Majority Leader Chuck Schumer (D-NY) has once again included a bipartisan marijuana banking bill in a list of legislative priorities he hopes to advance this year. During a press briefing on Tuesday, Schumer was asked about what\u2019s on the chamber\u2019s agenda after senators passed a foreign aid package thisContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":74598,"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\/74597"}],"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=74597"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/74597\/revisions"}],"predecessor-version":[{"id":74599,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/74597\/revisions\/74599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/74598"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=74597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=74597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=74597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRead More: Senators Will \u2018Do Our Best\u2019 To Pass Marijuana Banking Bill \u2018In A Bipartisan Way,\u2019 Schumer Says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"