Senate Majority Leader Chuck Schumer (D-NY) is highlighting marijuana banking reform is one of several key legislative priorities that he intends to push through using bipartisan cooperation when the Senate reconvenes next month. The Republican sponsor of the cannabis bill, meanwhile, says this is the “best” time to get the job done—but cautioned that passage could be jeopardized if Democrats move to significantly expand the scope of the legislation.
In the first half of this year, the majority leader was focused on getting President Joe Biden’s judicial nominees confirmed and fending off GOP-led regulatory rollback legislation. But in an interview with Politico that was published on Tuesday, Schumer said that he’s preparing for the second act of 2023, which will involve an intensive push to enact bipartisan bills like the Secure and Fair Enforcement (SAFE) Banking Act.
The bill from Sens. Jeff Merkeley (D-OR) and Steve Daines (R-MT) already received an initial hearing in the Senate Banking Committee last month. And the expectation is that it will be scheduled for a markup soon, possibly as soon as next month when senators return from the Independence Day recess.
Schumer recently spoke with a cannabis industry leader who approached him at an
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