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  • More Banks Working With Marijuana Businesses, Despite Federal Moves
    Posted in In the News on June 14, 2018 | Preview rr
    Tags: Jobs & the Economy

    By the end of March, 411 banks and credit unions in the U.S. were "actively" operating accounts for marijuana businesses, according to a report from the Treasury Department's Financial Crimes Enforcement Network (FinCEN). That's up more than 20% from when President Trump took office early last year. While the number of financial institutions servicing cannabis growers, processors, retailers and related businesses dipped slightly in the two months immediately following U.S. Attorney General Jeff ... Read more

  • Federal crackdown sparks banks to lobby on pot
    Posted in In the News on June 13, 2018 | Preview rr
    Tags: Jobs & the Economy

    The nation's banks, which just scored a big victory on a landmark deregulation bill, are now using their lobbying firepower for a more unorthodox cause: loosening federal restrictions on the marijuana industry. Emboldened by support from both President Donald Trump and Sen. Elizabeth Warren (D-Mass.) — two relentless foes on most other issues — top banking trade groups are pressing policymakers to make it easier for their members to serve cannabis businesses that are now legal in states like Cal... Read more

  • Another major financial services group lends support to SAFE Banking Act, calls it “a reasonable and sound approach”
    Posted in Press Releases on June 13, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – Less than a week after the Independent Community Bankers of America expressed their support for the Secure and Fair Enforcement (SAFE) Banking Act, the Credit Union National Association has now joined the chorus for the path forward for financial institutions to provide banking services to marijuana-related businesses and customers. H.R. 2215, bipartisan legislation introduced by Reps. Ed Perlmutter (CO-07) and Denny Heck (WA-10) ensures that financial institutions such as cre... Read more

  • CUNA backs 3 bills to allow CUs to serve legal cannabis biz
    Posted in In the News on June 12, 2018 | Preview rr
    Tags: Jobs & the Economy

    CUNA wrote in support of three bills Tuesday that would clarify the ability of financial institutions to serve cannabis-based businesses in states where it is legal. While CUNA does not have a position on legalizing or decriminalizing marijuana, it supports the ability of credit unions to serve member businesses when legal. "CUNA supports credit unions’ ability to serve their members. In states where cannabis is legal for medicinal and recreational purposes, credit union members are engaged in t... Read more

  • Perlmutter, Heck Cannabis Banking Bill Earns Support of Independent Community Bankers of America
    Posted in Press Releases on June 7, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – The Independent Community Bankers of America (ICBA) have expressed support for bipartisan legislation authored by U.S. Reps. Ed Perlmutter (CO-07) and Denny Heck (WA-10) to allow cannabis-related businesses in states with existing regulatory structures to access the banking system. H.R. 2215, the Secure and Fair Enforcement Banking Act (SAFE Banking Act), ensures financial institutions can service cannabis-related businesses without the fear of reprisal from the federal govern... Read more

  • Perlmutter Statement on Bill to Roll Back Dodd-Frank Protections
    Posted in Press Releases on May 22, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) issued the following statement after voting against S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act which would repeal certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act: “I believe we must learn from our past and never let something like the 2008 financial crisis happen again. I helped write Dodd-Frank which included heightened regulatory standards for large financial institutions imp... Read more

  • Peek inside Amazon's new fulfillment center in Aurora
    Posted in In the News on May 4, 2018 | Preview rr
    Tags: Jobs & the Economy

    Amazon's DEN2 General Manager Joe Dudek led a tour for the media and a few dignitaries of the fulfillment center in Aurora near I-70 and E470 on Thursday morning. Among the speakers prior to the walking tour were U.S. Sen. Michael Bennet, Congressman Ed Perlmutter and Congressman Mike Coffman. The 1 million square-foot site has been operational since September 2017, but this was the first opportunity for media to tour the facility. There are more than 1,000 full-time employees that pick, pack, s... Read more

  • House bill seeks to limit punitive effect of CFPB guidance process
    Posted in In the News on April 23, 2018 | Preview rr
    Tags: Jobs & the Economy

    WASHINGTON — Rep. Sean Duffy, R-Wis., has introduced legislation designed to make the Consumer Financial Protection Bureau’s guidance process more transparent. The bill, co-sponsored by Rep. Ed Perlmutter, D-Colo., would require the CFPB director to issue “guidance” that "is necessary or appropriate to enable the bureau to carry out federal consumer financial law, including facilitating compliance with such law." It also prohibits penalizing institutions that rely in good faith on guidance from ... Read more

  • Reps. Perlmutter, Duffy Introduce Bipartisan GUIDE Compliance Act
    Posted in Press Releases on April 18, 2018 | Preview rr
    Tags: Jobs & the Economy

    Washington D.C. – Wisconsin Congressman Sean Duffy, Chairman of the Financial Services Subcommittee on Housing & Insurance, and Colorado Congressman Ed Perlmutter today introduced H.R. 5534, the Give Useful Information to Define Effective (GUIDE) Compliance Act. The GUIDE Compliance Act seeks to regularize the Consumer Finance Protection Bureau’s process of providing rules and guidance to better protect consumers. “By encouraging greater consistency with CFPB guidance, this bill will increase tr... Read more

  • Perlmutter Successfully Includes Earth Science Funding, Mars 2033 Amendment to NASA Authorization
    Posted in Press Releases on April 17, 2018 | Preview rr
    Tags: Aerospace, Jobs & the Economy

    Washington, D.C. – Today in the House Science, Space and Technology Committee, U.S. Rep. Ed Perlmutter (CO-07) successfully restored funding to NASA’s Earth Science Program. Perlmutter’s amendment, which added $471 million to the FY 2019 Earth Science budget, was included in the funding bill for NASA programs for fiscal years 2018 and 2019 which passed out of committee 26-7. Initially, H.R. 5503 was set to cut funding for the Earth Science Program by almost 25% from FY18 funding levels. The Eart... Read more

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