INDUSTRY/BUSINESS

Secure and Fair Enforcement (SAFE) Banking Act
(S.910 & H.R.1996)

Provides a “safe harbor” and additional protections for depository institutions who provide a “financial product or service” to a covered business.

Lead Sponsors:
Rep. Ed Perlmutter (D-CO)
Sen. Jeff Merkley (D-OR)

Position:
Support

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FEDERAL DESCHEDULING

Marijuana Opportunity Reinvestment and Expungement Act of 2021 or the MORE Act
(H.R.3617)

Removes marijuana from the list of scheduled substances under the Controlled Substances Act and eliminate criminal penalties for an individual who manufactures, distributes, or possesses marijuana; also addresses expungements, resentencing, and tax structure, among other provisions.

Lead Sponsors:
Rep. Jerry Nadler (D-NY)

Position:
Support

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SMALL BUSINESS

Ensuring Safe Capital Access for All Small Businesses Act of 2021
(H.R.2712)

Ensures that certain loan programs of the Small Business Administration are made available to cannabis-related legitimate businesses and service providers, and for other purposes.

Lead Sponsors:
Rep. Nydia Velazquez (D-NY)

Position:
Support

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FEDERAL DESCHEDULING

Common Sense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act
(H.R.3105)

Removes cannabis from the Controlled Substances Act and focuses primarily on provisions relating to banking, veterans, and research. Directs federal agencies to create regulations around distribution and taxation.

Lead Sponsors:
Rep. Nydia Velazquez (D-NY)

Position:
Support

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FEDERAL DESCHEDULING

States Reform Act
(H.R.5977)

Removes cannabis from the Controlled Substances Act and regulates cannabis like alcohol, with deference to state programs or prohibition.

Lead Sponsors:
Rep. Nancy Mace (R-SC)

Position:
Support

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RESTORATIVE JUSTICE

Clean Slate Act
(H.R.2864/S.1380)

Establishes a framework for sealing records related to certain federal criminal offenses. Courts must automatically seal records related to (1) a conviction for simple possession of a controlled substance or for any nonviolent offense involving marijuana, or (2) an arrest for an offense that does not result in a conviction. Additionally, an individual who meets certain criteria may petition to seal records related to a conviction for other nonviolent offenses.

Lead Sponsors:
Rep. Lisa Blunt Rochester (D-DE)
Sen. Bob Casey (D-PA)

Position:
Support

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HEMP

Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act
(H.R.841)

Makes hemp, cannabidiol (i.e., CBD) derived from hemp, and any other ingredient derived from hemp lawful for use under the Federal Food, Drug, and Cosmetic Act as a dietary ingredient in a dietary supplement, , provided that the supplement meets other applicable requirements. (Currently, the Food and Drug Administration's position is that CBD products may not be sold as dietary supplements.)

Lead Sponsors:
Rep. Kurt Schrader (D-OR)

Position:
Support

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RESTORATIVE JUSTICE

Destigmatizing in Immigration Act
(H.R.1614)

Removes various immigration-related penalties pertaining to marijuana and addresses related issues. Specifically, offenses involving marijuana use, possession, or distribution shall not be grounds for (1) barring an alien from admission into the United States, (2) removing an alien from the United States, or (3) finding that an alien lacks good moral character for immigration purposes.

Lead Sponsors:
Rep. Brendan Boyle (D-PA)

Position:
Support

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HEMP

Hemp Access and Consumer Safety Act
(S.1698)

This bill allows hemp and hemp-derived ingredients to be included in food and dietary supplements. Current law prohibits, with limited exceptions, the sale of food and dietary supplements that contain an ingredient that is an active ingredient in (1) an approved drug, or (2) a drug for which there have been substantial and publicly known clinical investigations. This bill exempts hemp and hemp-derived ingredients, such as hemp-derived cannabidiol (CBD), from this prohibition. The Food and Drug Administration may establish labeling and packaging requirements for such foods and dietary supplements.

Lead Sponsors:
Sen. Ron Wyden (D-OR)

Position:
Support

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