U.S. House Approves Marijuana Banking Bill For Fourth Time, Setting Up Senate Consideration
Members passed the legislation by a final recorded vote of 321-101
The U.S. House of Representatives on Monday approved a bill to protect banks that service state-legal marijuana businesses from being penalized by federal regulators.
After receiving an initial voice vote earlier in the afternoon, members passed the legislation by a final recorded vote of 321-101.
The legislation, which was reintroduced by Rep. Ed Perlmutter (D-CO) and a long bipartisan list of cosponsors last month, was taken up under a process known as suspension of the rules, which does not allow for amendments and requires a 2/3rd supermajority to pass.
The #SAFEBankingAct is a big deal for the thousands of employees, businesses & communities who’ve been forced to deal in cash.
— Rep. Ed Perlmutter (@RepPerlmutter) April 19, 2021
It’s past time to align state & federal law on this issue & I look forward to #SAFEBanking once again passing the House w/broad, bipartisan support. https://t.co/j7mlaq0NWZ
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