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Safer Banking Act

All articles tagged with #safer banking act

cannabis-banking-reform1 year ago

"Congress Nears Breakthrough on Cannabis and Stablecoin Legislation"

Former U.S. Sen. Cory Gardner and former U.S. Rep. Ed Perlmutter discussed the potential attachment of the SAFER Banking Act to the FAA reauthorization bill, signaling progress towards cannabis banking reform. Gardner emphasized the need for bipartisan support, while Perlmutter expressed optimism, citing the Senate Banking Committee's approval of the act. Industry insiders highlighted the uphill battle for cannabis reform but noted significant changes in recent years, with hopes for imminent regulatory changes benefiting the cannabis industry.

politics1 year ago

"Push for Cannabis Banking Legislation Gains Momentum Amid Bipartisan Support"

Senate Majority Leader Chuck Schumer is circulating a petition to garner support for the marijuana banking bill, emphasizing the need for comprehensive federal cannabis legalization. The Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to provide banking services to marijuana businesses, is gaining momentum in Congress. Schumer is urging people to sign the petition and support the bill, highlighting the challenges faced by legal marijuana businesses in accessing basic banking services. Lawmakers are optimistic about the bill's prospects, with negotiations ongoing to reach a final agreement and potential amendments to include provisions on state-legal cannabis expungements and gun rights for cannabis consumers.