Congressman Says There’s ‘Tremendous Momentum’ To Pass Marijuana Banking In Bicameral Conference On Manufacturing Bill

Congressman Says There’s ‘Tremendous Momentum’ To Pass Marijuana Banking In Bicameral Conference On Manufacturing Bill
MJ moment

A key congressman involved in bicameral negotiations on a large-scale manufacturing bill says he’s optimistic about the prospects of including marijuana banking reform in the final version of the legislation that gets signed into law. Rep. Earl Blumenauer (D-OR), a longstanding champion of cannabis legalization who is serving as a conferee on the America COMPETES Act, talked about the state of play and steps he’s taking to secure the banking language during a press briefing on Monday. He said that there is a concerted effort among conferees in both chambers to make sure that the House-passed Secure and Fair Enforcement (SAFE) Banking Act is attached to the final conference report that’s sent to the president’s desk. And while Senate leadership has yet to cede the issue, he’s confident that the bicameral panel will seal the deal. “There is a strong base support among the conferees for keeping this [marijuana banking] language and enacting it,” he said. “We think that this is a perfect opportunity to get some actual movement on this.” “We’ve got a vehicle that needs to to be acted upon relatively soon. There’s broad support for it,” the Congressional Cannabis Caucus co-chair, who led a letter to leadership late last month that stressed the urgency of enacting the banking reform, said. “I think that there’s tremendous momentum.” The conference committee held its first meeting on the America COMPETES Act last week, with multiple appointed conferees urging the body to attach the SAFE Banking Act language in the interest of economic competitiveness and public safety. Rep. Maxine Waters (D-CA), who chairs the House Financial Services Committee and previously listed marijuana banking as a legislative priority ahead of the conference, said that the bipartisan nature of the reform proposal is “evident” based on the fact that the House included it in…

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Source : Congressman Says There’s ‘Tremendous Momentum’ To Pass Marijuana Banking In Bicameral Conference On Manufacturing Bill

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