A bipartisan marijuana banking bill that’s scheduled for a Senate committee markup next week has been revised in several key ways—primarily related to federal financial regulations, guidance and reporting requirements—according to full text of the the most recent version of the legislation that was obtained by Marijuana Moment on Tuesday.
The newly amended Secure and Fair Enforcement Regulation (SAFER) Banking Act hasn’t been formally filed yet. But following weeks of negotiations, senators have finally reached a deal. This is the latest version of the legislation, differing from an iteration reported by Politico earlier on Tuesday.
The bill, which is set to receive a vote in the Senate Banking Committee on September 27, has been a central focus for advocates and stakeholders this session. It’s being sponsored by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), along with seven other listed original cosponsors.
Senate Majority Leader Chuck Schumer (D-NY) applauded the revised measure on Tuesday, saying he intends to “bring this legislation to the floor with all due speed.”
Marijuana Moment received the full bill text shortly after a section-by-section summary of the measure was first published by Politico earlier on Tuesday.
The full bill text reveals the types of compromises
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