Lakewood, Colo. – Today U.S. Rep. Ed Perlmutter (CO-07) announced the inclusion of five transportation projects across the 7th Congressional District as Member Designated Projects in the House Transportation and Infrastructure Committee’s INVEST in America Act which will be marked up on Wednesday June 9, 2021. “I’m excited to see these important and much needed projects included in the surface tra... Read more »

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 »

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 »

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 »

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 »

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 »

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 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 »

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 »

Rep. Perlmutter's Safe Banking Act recently made an appearance on Next with Kyle Clark. Watch the whole episode here. The discussion on SAFE Banking starts at 13:24. Read more »