The House Financial Services Committee approved landmark legislation aimed at helping financial institutions serve marijuana businesses
The majority of Republicans on the committee voted against the measure, which was sent to the full House on a 45-15 vote, with multiple lawmakers arguing that Congress should first consider the legality of marijuana more broadly.
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. “This bill, while difficult and complex, in the final analysis is a fairly elegant solution to three problems,” Heck said. He said it would protect communities and save lives; prevent disruptions for people who interact with marijuana businesses, such as employees and subcontractors; and enhance supervision and the ability to audit such businesses.
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