GOP Takeover, Trump’s Return Vs. Chuck Schumer’s Last-Ditch Cannabis Banking Reform Push
With just six weeks left in 2024, Senate Majority Leader Chuck Schumer (D-NY) faces mounting criticism for failing to deliver on his long-standing promise of achieving cannabis banking reform. Now, he’s mounting a Hail Mary effort to get it across the finish line before the term ends.
Senators on Capitol told Politico they “still have hopes the cannabis banking bill can get done in the lame duck, despite the odds.”
What Happened: Schumer, who brought the Secure and Fair Enforcement Regulation (SAFER) Banking Act (SAFER) to a committee hearing in September 2023, had intended to advance the bill by attaching it to must-pass legislation before the midterms. However, despite his vocal support, he did not call the bill for a full Senate vote, citing insufficient …