2022-11-24 16:51:57

Marijuana Banking Legislation, Expungements Bill Gain Momentum In Congress As Lame Duck Session Nears

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Benzinga
By Joana Scopel

Last week, U.S. SenateMajority Leader Chuck Schumer met with Senate Banking Chairman Sherrod Brown (D-Ohio), Sens. Steve Daines (R-Montana)and Jeff Merkley (D-Oregon), among other legislators, to talk about the SAFE Banking Act.

Lawmakers said they were making an effort to find common ground between Republicans and Democrats.

Were serious. We want to do this, Brown said. Im actually fairly optimistic and hopeful that we will come to an agreement.

Lawmakers must not only get progressive Democrats and conservative Republicans to accept cannabis banking legislation and criminal justice reform, but they must also receive signoff from the leaders of the Senate Banking Committee, House Financial Services Committeeand party leadership in both chambers, reported Politico.

The HOPE Act, SAFE Banking Act And Social Equity

Republicans are open to the Harnessing Opportunities by Pursuing Expungement (HOPE) Act, a bipartisan bill introduced by Reps. Dave Joyce (R-Ohio) and Alexandria Ocasio-Cortez (D-N.Y.) that would set up a State Expungement Opportunity Grant Program through the U.S. Department of Justice to reduce states costs for processing expungements.

Continue read on benzinga.com

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