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Senate Committee To Hold Marijuana Banking Bill Vote Last Week Of September, Senate Source Confirms

The Senate Banking Committee is planning to vote on a bipartisan marijuana banking bill during the last week of September, a Senate source familiar with the discussions confirmed to Marijuana Moment on Friday.

The tentative date of the committee vote on the Secure and Fair Enforcement (SAFE) Banking Act is now September 27 after senators reached an agreement on the legislation, according to multiple media reports. That date hasn’t been officially announced yet, so it may change—but the expectation is that it will take place during the week of September 25, the Senate source said.

It’s unclear how the bill will be amended by the panel following weeks of negotiations. Senators have discussed revisions around provisions related to a key section on broad banking regulations, but other lawmakers and stakeholders have floated changes concerning Small Business Administration (SBA) access and stock uplisting for the cannabis industry.

The news of a forthcoming markup is consistent with recent remarks from key senators, including the GOP sponsor of the bill Sen. Steve Daines (R-MT), who said this week that he was hoping for a committee vote “sometime in September.”

“We’ve got enough votes to get it passed,” Daines told NBC News, which first

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