A key Senate committee has officially scheduled a vote on a bipartisan marijuana banking bill, signaling that disagreements between certain Democrats and Republicans over key provisions have been addressed.
The Senate Banking Committee formally released a schedule on Friday showing members will hold a markup of the Secure and Fair Enforcement (SAFE) Banking Act on Wednesday, September 27—a critical step on the measure’s path to the floor.
This comes a day after media reports began citing sources who disclosed plans to hold a markup on the last week of September, though there was some ambiguity about the exact date until now. The time of the meeting on the 27th is listed as “TBD.”
It’s unclear how the bill will be amended by the panel following weeks of negotiations. Senators have discussed revisions around provisions related to a key section on broad banking regulations, but other lawmakers and stakeholders have floated changes concerning Small Business Administration (SBA) access and stock uplisting for the cannabis industry.
After the Senate reconvened this month, Banking Committee Chairman Sherrod Brown (D-OH) said he was aiming to move the SAFE Banking Act, among other priority bills, within “the next six weeks.” Last week, he said an
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