Marijuana Banking Bill Will Get A House Floor Vote Next Week, Majority Leader Confirms

MJ moment

A bipartisan bill to protect banks that service state-legal marijuana businesses from being penalized by federal regulators has been formally scheduled to receive a House floor vote next week, a calendar released by Majority Leader Steny Hoyer’s (D-MD) office confirms. Marijuana Moment reported on the expected development earlier Friday after obtaining an email that was sent to stakeholders by a staffer for Rep. Ed Perlmutter (D-CO), the bill’s sponsor. The message said that while the office was still awaiting scheduling confirmation, they “think the bill will be on the House floor for a vote early next week.” The exact date of the vote is currently unknown, but it’s now officially listed on the majority leader’s agenda of legislation “scheduled for consideration during the week of Apr. 19.” In the earlier email, the staffer also invited groups to “send a letter in the support” for the Secure and Fair Enforcement (SAFE) Banking Act by Monday. This will mark the first floor action on a cannabis reform bill this Congress. The standalone legislation cleared the House with bipartisan support in 2019, and its language was also included in two coronavirus relief packages that the chamber approved. The proposal did not advance in any form in the Senate under GOP control, however. With Democrats now in control of the House, Senate and White House, industry stakeholders are optimistic that the legislation stands a solid chance of becoming law this year. The SAFE Banking Act was reintroduced in the House last month, and it currently has 151 cosponsors—more than one-third of the chamber. Days later, it was refiled in the Senate, where Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT) are the chief sponsors. — Marijuana Moment is already tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress…

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Source : Marijuana Banking Bill Will Get A House Floor Vote Next Week, Majority Leader Confirms

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