Senate Rejects SAFE Act For The Sixth Time! Marijuana Banking Bill Will Not Be A Part Of America COMPETES Act

banking legislation will not be included in the final version of the United States Innovation and Competition Act (a/k/a The America COMPETES Act), bipartisan congressional members concluded, Punchbowl News first reported on Thursday.

Even though the U.S. House of Representatives formally attached the Secure and Fair Enforcement (SAFE) Banking Act as an amendment to large-scale legislation dealing with innovation and manufacturing in February, the Senate’s final version of the legislation did not include that provision.

Many industry experts believed that Act, which aims to protect financial institutions that wish to provide their services to state-legal businesses, had a better chance of passing …

Full story available on Benzinga.com

More Senate Rejects SAFE Act For The Sixth Time! Marijuana Banking Bill Will Not Be A Part Of America COMPETES Act