On Marijuana Banking Bill, Congressman Is Balancing Optimism With Realism As Senate Talks Heat Up
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The House sponsor of a marijuana banking bill says that he sees signs that the Senate will finally act during the lame duck session—but he is cautioning that he’s “been disappointed before.” Rep. Ed Perlmutter (D-CO), who is retiring after this session, told Yahoo Finance on Tuesday that he’s an “eternal optimist” who still believes that Congress will pass the Secure and Fair Enforcement (SAFE) Banking Act. But he’s also a “realist” who recognizes that “time is short” to get something done. “The optimist says, ‘we’re gonna get it done.’ There are several ways we can do it,” he said, noting that the reform could be enacted through a larger vehicle like the National Defense Authorization Act (NDAA) or omnibus appropriations legislation, or as a standalone.

“But the realist in me says, ‘I’ve been disappointed before.’ And the industry has been disappointed before because it’s gotten stuck in the Senate and time is short,” Perlmutter said. “I think given the activity in the Senate that we’ve seen over the course of the last month—both out of the Banking Committee, as well as out of [Senate Majority Leader Chuck Schumer’s (D-NY)] office, I think something is going to happen, and I’m going to do everything I can to make sure that it does, at least on the House side,” he said. When it comes to the SAFE Banking Act, it’s not clear what more can be done on the House side, as the chamber has already approved the bill seven times in some form. What supporters are waiting to see is what comes out of the Senate in the coming days or weeks as Schumer finalizes what’s expected to be a package of cannabis banking and expungements legislation. Perlmutter said that there are other components that some senators have…

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Source : On Marijuana Banking Bill, Congressman Is Balancing Optimism With Realism As Senate Talks Heat Up

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