Senators have “probably found a sweet spot” in negotiations over a bipartisan marijuana banking bill, with an agreement to to leave a section favored by Republicans “intact, as it is,” according to one GOP member of the Senate Banking Committee.
As that panel prepares to hold a markup of the Secure and Fair Enforcement (SAFE) Banking Act next week, details about the revised bill are slowly surfacing. Sen. Kevin Cramer (R-ND) told Politico that one of the remaining sticking points appears to have been resolved, with a deal to keep a section dealing with broad banking regulations, as Republicans have insisted.
He said that the lack of substantive changes to the bill as introduced “demonstrates that we’ve been at this a little while and probably have found the sweet spot in passing a piece of legislation.”
Sen. Jack Reed (D-RI), who also serves on the Banking Committee and previously raised concerns about the provision, said that senators have “talked extensively about Section 10, and we’ve made some progress.” However, he didn’t specify what that progress looks like.
“I think we’ve resolved most of the issues we had—and I hope we have so we can get it out of the committee
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