Two key Republican senators sponsoring cannabis banking reform are now pushing new legislation to thwart the Biden administration’s historic marijuana rescheduling efforts.
Sen. Cynthia Lummis of Wyoming and Sen. Steve Daines of Montana on Thursday introduced the Deferring Executive Authority (DEA) Act.
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Both are supporters of the SAFER Banking Act, which is scheduled for a crucial committee hearing next week.
If signed into law, the DEA Act would require any proposed change to federal drug law to first get approval from Congress.
Such changes currently can be made by the executive branch via the attorney general.
That would threaten the recent recommendation from President Joe Biden’s Department of Health and Human Services (HHS) to downgrade marijuana from a Schedule 1 to a Schedule 3 controlled substance.
Last October, Biden ordered health officials to “expeditiously” review the latest science and data on cannabis.
The Drug Enforcement Administration
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