"Top Democratic Senator Pushes for Marijuana Banking Reform Amid Growing Pressure"
Senate Banking Committee Chairman Sherrod Brown emphasizes that passing marijuana banking reform legislation, specifically the Secure and Fair Enforcement Regulation (SAFER) Banking Act, is a high priority for him and Senate Majority Leader Chuck Schumer. Treasury Secretary Janet Yellen also acknowledges the challenges posed by federal marijuana prohibition for banks and expresses support for reform legislation. Talks around cannabis banking have gained momentum, with bipartisan support in the House and ongoing bicameral negotiations. The bill's sponsors are optimistic about its prospects for passage this year, and potential amendments may include provisions on state-legal cannabis expungements and gun rights for cannabis consumers.
