Sponsor: Rep. Ed Perlmutter (D-CO) - 3/18/21
A federal regulator cannot terminate or limit the deposit insurance or share insurance of a depository institution [...] solely because the depository institution provides or has provided financial services to a cannabis-related legitimate business or service provider...
prohibit, penalize, or otherwise discourage a depository institution from providing financial services to a cannabis-related legitimate business...
recommend, incentivize, or encourage a depository institution not to offer financial services to an account holder, or to downgrade or cancel the financial services offered to an account holder solely because [of their involvement with the cannabis industry]...
take any adverse or corrective supervisory action on a loan made to [a CRB or related person]...
Federal Financial Institutions Examination Council shall develop uniform guidance and examination procedures for depository institutions that provide financial services to cannabis-related legitimate businesses and service providers.
https://www.congress.gov/bill/117th-congress/house-bill/1996
Sponsors: Sens. Cory Booker (D-NJ), Ron Wyden (D-OR), Chuck Schumer (D-NY)
Decriminalization of marijuana as a controlled substance. This includes state authority over transportation of product in each state, regulated in the same manner as though product had been produced in that state.
Three federal regulatory authorities: The Bureau of Alcohol, Tobacco, Firearms, and Explosives; The Department of Health and Human Services; and The Department of Treasury.
Excise taxes starting at 10% during the first year of legalization, then increasing by 5% to 25% by years 4 and 5.
Research and studies on the societal impact of marijuana legalization including the efficacy of medical marijuana as a treatment for certain diseases, community reinvestment programs, and expungements for certain cannabis records.
Establishment of an FDA Center for Cannabis Products to properly regulate all cannabis products including CBD, product standards/safety and recalls; includes the creation of a Cannabis Products Advisory Committee to oversee product regulation.
Sponsor: Rep. Nancy Mace (R-SC) - 11/15/21
Descheduling - Removal of “cannabis” from the Schedule of Controlled Substances
Expungement - clearing convictions for marijuana-specific non-violent offenses
Regulation of Marijuana Like Alcohol - FDA
Regulation of Cannabis like Barley, Hops, and Grain - USDA (similar to hemp)
Administration Like Alcohol Under Tax and Trade Bureau - Department of Treasury
Transferring Agency Functions With Regard to Marijuana - DEA to AT[C]FE
Grandfathering - state-issued licenses will be transferred to federal ones
Beneficial Ownership threshold - 10% for corporate entities
Fair Small Business Administration Access - may not be denied to “Cannabis-Related Legitimate Businesses and Service Providers”
Excise Tax - 3%, over $1 million be paid by electronic funds transfer to a Federal Reserve Bank
Track-and-Trace - national system under Treasury, inventory monitored by IRS
https://www.congress.gov/bill/117th-congress/house-bill/5977
Sponsor: Sen. Kamala Harris (D-CA) - 7/23/19
Decriminalization of cannabis
Creation of Opportunity Trust Fund and imposition of tax on cannabis products
Availability of Small Business Administration programs and services to cannabis-related businesses and service providers
No discrimination in the provision of federal public benefit on the basis of cannabis
No adverse effect for purposes of immigration law
Resentencing and expungement
References in existing law to marijuana or marihuana
Cannabis offense defined
https://www.congress.gov/bill/116th-congress/senate-bill/2227