Sen. Jack Reed Questions Merrick Garland On Cannabis Banking Bill’s Broader Financial Regulations
Sen. Jack Reed (D-RI) raised concerns with Attorney General Merrick Garland regarding the Secure and Fair Enforcement (SAFER) Banking Act in a recent Senate Appropriations Subcommittee hearing. Reed focused specifically on the contentious Section 10.
This provision, criticized for potentially tipping off criminals through mandatory bank notifications about account closures from government inquiries, sparked debate about balancing the need for regulatory transparency against the imperative for operational secrecy in law enforcement.
SAFER Banking Act And Cannabis Regulation
A report from Zuanic & Associates delves into the implications of the SAFER Banking Act for …