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Re: Dlite2323 post# 17088

Wednesday, 09/25/2019 6:42:44 PM

Wednesday, September 25, 2019 6:42:44 PM

Post# of 17453
The House of Representatives passed a standalone marijuana reform bill for the first time in history on Wednesday.
The chamber advanced the legislation—which would protect banks that service the cannabis industry from being penalized by federal regulators in a vote of 321-103.
For six years, lawmakers have been pushing for the modest reform, which is seen as necessary to increase financial transparency and mitigate risks associated with operating on a largely cash-only basis—something many marijuana businesses must do because banks currently fear federal reprisal for taking them on as clients.
The Secure and Fair Enforcement (SAFE) Banking Act is sponsored by Rep. Ed Perlmutter (D-CO). It cleared the House Financial Services Committee in March and was officially scheduled for a floor vote last week. The vote was held through a process known as suspension of the rules, meaning it required two-thirds of the chamber (290 members if all were present) to approve it for passage.
Well it's about time!!!
STSC LOOOOONG!!!
STSC STRONG!!!!!
I'm keeping my fingers crossed and hopefully the Senate can follow suite. They will need to put aside bipartisan politics and present it to the President's desk for approval.

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