Senate Majority Leader Chuck Schumer (D-NY) and two top colleagues said on Thursday that they will be working to add marijuana expungements legislation to a cannabis banking bill that had just been discussed in a committee hearing.
Schumer, along with Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ), released a joint statement following the panel’s meeting, applauding “key improvements” that were made to the latest version of the Secure and Fair Enforcement (SAFE) Banking Act, while emphasizing the need to incorporate additional equity provisions as it advances.
There was some conversation about the need for more holistic reform during Thursday’s Senate Banking Committee hearing on the marijuana industry unique financial issues under prohibition.
The three senators, who filed a comprehensive cannabis legalization bill last session that Schumer also recently said he’d be reintroducing, made clear that they “look forward to watching this legislation progress through the Banking Committee and working with bipartisan partners to include additional improvements.”
Specifically, they said that they wanted to incorporate provisions of the Harnessing by Pursuing Expungement (HOPE) Act, “which would support states that want to expunge cannabis records with grants.”
That standalone bill was reintroduced by Reps. Dave Joyce (R-OH)
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