The U.S. House of Representatives Rules Committee declined to amend the National Defense Authorization Act for Fiscal Year 2022 to include the Secure And Fair Enforcement Banking Act of 2021. The House Rules Committee's action follows similar action from the Senate.
The U.S. House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement Act of 2019, which removes marijuana from the scheduled substances list under the Controlled Substances Act, and decriminalizes the manufacturing, distribution and possession of marijuana.
Democratic lawmakers introduced two separate bills that would, among other things, reschedule cannabis under the Controlled Substances Act and increase funding for research.
The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony on the Secure and Fair Enforcement Banking Act, which would remove legal uncertainty for banks and credit unions seeking to provide marijuana financing.