Perlmutter Holds Subcommittee Hearing to Examine Trends in Financial Institution Charters to Ensure Sufficient Oversight and Consumer Protection

| Posted in Press Releases

Washington, D.C. – Today U.S. Rep. Ed Perlmutter (CO-07) convened a Subcommittee on Consumer Protection and Financial Institutions hearing to review modern trends in financial institution charters and examine the best way to regulate companies that behave like banks but operate without full banking regulations. The majority of witnesses in today’s hearing have connections to Colorado, including Er... Read more »

Bipartisan State Attorneys General Urge Congress To Pass Marijuana Banking Bill

| Posted in In the News

Three state attorneys general and the top prosecutor for Washington, D.C. sent a letter to congressional leaders on Thursday, reiterating their support for legislation that would protect banks that service state-legal marijuana markets from being penalized by federal regulators. Rep. Ed Perlmutter (D-CO) is the chief sponsor of the Secure and Fair Enforcement (SAFE) Banking Act in the House, while... Read more »

Perlmutter, Emmer Introduce Credit Union Governance Modernization Act

| Posted in Press Releases

Washington, D.C. - Today, Congressmen Ed Perlmutter (CO-07) and Tom Emmer (MN-06) introduced bipartisan legislation that updates credit union practices and improves employee and member safety. The Credit Union Governance Modernization Act updates the credit union member expulsion process while ensuring a fair procedure for reinstatement. Current law requires a federal credit union to hold a vote o... Read more »

GameStop hearing targets stock lending, social media

| Posted in In the News

Two issues emerged from a congressional hearing on the volatile trading of GameStop Corp. shares: Lawmakers and regulators need a greater understanding of how technology helped foster the frenzy, and regulators need systems to understand such events — and possibly to manage them. House Financial Services members and witnesses spent most of their time at the hearing last week focusing on the role ... Read more »

Marijuana Banking Bill Reintroduced In Senate, With Nearly A Third Of The Chamber Signed On

| Posted in In the News

A bill to protect banks that service state-legal marijuana businesses from being penalized by federal regulators has been reintroduced in the Senate—with nearly a third of the chamber as cosponsors. It’s a development that takes on a new light now that Democrats are back in control the chamber. This comes days after the Secure and Fair Enforcement (SAFE) Banking Act was refiled in the House, where... Read more »

Marijuana banking debate returns to Congress and Rep. Perlmutter is optimistic

| Posted in In the News

Eight years after it was first introduced, federal legislation that would give cannabis companies in Colorado and across the country access to the banking system is back in Congress. And its co-sponsors, Democrat and Republican, are sounding bullish. The Secure and Fair Enforcement Banking Act, or SAFE Banking Act, has been introduced every Congress since 2013 by U.S. Rep. Ed Perlmutter, an Arvada... Read more »

House Sponsors High on Marijuana Banking Passage

| Posted in In the News

House supporters of marijuana banking legislation said Friday that they are confident the House again will pass the measure and are increasingly confident that the Senate will do the same. “We’ve got to get it out of the House first,” Rep. Ed Perlmutter (D-Colo.) told reporters in a virtual news conference Friday. Perlmutter, a long-time advocate of marijuana banking, on Thursday introduced his bi... Read more »

Marijuana-Related Firings In Biden White House Represent ‘Antiquated Response,’ Congressman Says

| Posted in In the News

The Biden administration has reportedly asked dozens of White House staff to resign or otherwise punished them over past marijuana use—a response that one congressman described to Marijuana Moment as “antiquated” and inconsistent with the burgeoning legalization movement. Despite earlier reporting that the administration had instituted a policy of granting waivers to certain workers who admit to p... Read more »

A House bill would help cannabis companies work with big banks and let you use your credit card when shopping for marijuana. Here are 7 things to know about the bipartisan plan.

| Posted in In the News

House lawmakers introduced a modest cannabis reform bill this week that has a good chance of becoming law, because it has bipartisan support. The Secure and Fair Enforcement Banking Act, or SAFE Banking Act, would let cannabis companies access banking services and allow customers to use credit or debit cards to buy their products. It wouldn't legalize cannabis federally. The House's SAFE Banking A... Read more »

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