Sen. Sherrod Brown Leads Bipartisan Push For Cannabis Banking Act Despite Congressional Roadblocks
The push for legislation that could finally allow banks to provide services to cannabis businesses gained steam this week, with key figures from both sides of the aisle reiterating their support for the Secure and Fair Enforcement Regulation (SAFER) Banking Act. The renewed nudge suggests a potential breakthrough for the long-stalled measure.
Senate Banking Committee Chair Sherrod Brown (D-OH) acknowledged the complications arising from a divided Congress but underscored the Senate’s commitment to advancing the bill. He pointed to ongoing discussions between the two chambers and the importance of the SAFER Banking Act in addition to other legislative priorities like railroad safety and tax reform.
In comments to AskAPol about whether he thinks the banking measure will pass on the floor this year, Brown said he hoped so.
“We’ve got a House that’s still not moving on stuff that matters to Republicans,” Brown said, referring to …