News 
Market Data 
Discover
Replies to post #9531 on Bzam Ltd (BZAMF)
The House sponsor of a bipartisan marijuana banking bill revealed on Friday that conversations have been happening behind the scenes with Senate leadership about amending his legislation in a way that more specifically addresses equity issues to win their support.
Members voted 222-210 to pass the manufacturing and innovation bill—the America COMPETES Act—to which the cannabis banking measure was attached via an amendment on Thursday.
The Senate already passed its related version of the new innovation bill, with a focus on competing with China on trade, and that legislation does not contain the cannabis banking language. It remains to be seen what will come out of the resulting bicameral negotiations to merge the two forms of the legislation into something to send to the president’s desk.
A similar, but not identical, bill to the America COMPETES Act passed the Senate last year. CNN reported that a Democratic aide said the House and Senate could go to a conference committee to hash out the differences between the two pieces of legislation, so it’s still unclear whether that final measure will include Perlmutter’s bill.
