Marijuana Banking Bill Will Get A House Floor Vote On Monday
This will mark the first floor action on a cannabis reform bill this Congress
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 on Monday, 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, seeking letters of support for the Secure and Fair Enforcement (SAFE) Banking Act ahead of the anticipated vote.
The bill is now now officially listed on the majority leader’s agenda of legislation for Monday, with a floor debate expected to happen after 2:30 PM. If a recorded vote is requested, that is projected to take place between 6:30 and 8:00 PM.
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.
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