A key Senate committee chairman said on Thursday that a hearing on a bipartisan marijuana banking bill could be scheduled as early as next week, adding that lawmakers are going to “move quickly on it.”
Senate Banking Committee Chairman Sherrod Brown (D-OH) told NBC News reporters that his panel could hold a hearing on the Secure and Fair Enforcement (SAFE) Banking Act as soon as next Thursday, May 11.
While a hearing hasn’t been formally scheduled yet, the comments come as senators on both sides of the aisle push for urgent action on the recently refiled legislation from Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT).
This is major news.
The SAFE banking bill was *just* dropped last week, now the hearing to process it could take place as early as next week.
⬇️⬇️⬇️ https://t.co/9MqFSv4OUl
— Julie Tsirkin (@JulieNBCNews) May 4, 2023
The standalone bill would protect banks that work with state-legal cannabis businesses from being penalized by federal regulators. The latest version has been amended in several ways that have encouraged advocates, but the plan is to further revise it on the floor to incorporate additional equity provisions.
Brown recently indicated that action on the bill had
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