Browse Documents
by Date or Issue:
  • ‘It is too risky’: Marijuana group says PNC Bank to close its accounts amid fears of a DOJ crackdown
    Posted in In the News on June 20, 2017 | Preview rr
    Tags: Jobs & the Economy

    One of the nation’s leading marijuana legalization groups says PNC Bank has notified it that it will close the organization’s 22-year-old accounts, a sign of growing concerns in the financial industry that the Trump administration will crack down on the marijuana business in states that have legalized it. The Marijuana Policy Project (MPP) lobbies to eliminate punishments for marijuana use but is not involved in growing or distributing the drug — an important distinction for federally regulated ... Read more

  • Dodd-Frank battle may not help America's favorite banks
    Posted in In the News on June 7, 2017 | Preview rr
    Tags: Jobs & the Economy

    The Republican overhaul of the Dodd-Frank banking law moving toward a House floor vote is a Washington cage fight, with Democrats and Republicans sharply divided. But one section of it seems to meet with widespread approval: regulatory relief for small banks. Known as community banks for their local focus, these institutions are mother-and-child figures on Capitol Hill, inspiring love and support on both sides of the often miles-wide aisle. There's far-ranging agreement on the need to lighten th... Read more

  • Perlmutter Statement on the Trump Administration’s Budget Proposal
    Posted in Press Releases on May 23, 2017 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) issued the following statement on the Trump Administration’s budget proposal. “Though short on details, Democrats and Republicans should agree President Trump’s budget proposal takes us backward not forward. It’s unacceptable to balance the budget on the backs of hard working families here in Colorado and across the country. I cannot support a budget that among other things proposes deep cuts to the National Renewable Energy Lab (NREL), environm... Read more

  • Three Ways to Fix U.S. Marijuana Laws
    Posted in In the News on May 23, 2017 | Preview rr
    Tags: Jobs & the Economy

    Even as U.S. Attorney General Jeff Sessions continues to say terrible things about marijuana and hint at a potential crackdown against states that have approved recreational or medical sales, assorted members of Congress have introduced legislation aimed at changing the way the federal government deals with the plant, including its designation as a Schedule I narcotic by the Drug Enforcement Administration. But there's disagreement among national leaders of the cannabis community about whether i... Read more

  • Perlmutter criticizes Dodd-Frank rewrite now slated for House vote
    Posted in In the News on May 22, 2017 | Preview rr
    Tags: Jobs & the Economy

    A Republican-led effort to rewrite the rules of the massive, post financial crisis measure Dodd-Frank is slated for a full House vote in June, despite Democrat’s effort — among them U.S. Rep. Ed Perlmutter — to derail the legislation in committee. At odds are Perlmutter’s contention that the Dodd-Frank Wall Street Reform and Consumer Protection Act is critical and put in place to bring discipline to the financial markets after the 2008 financial crisis and a new GOP-sponsored Financial CHOICE Ac... Read more

  • Strange bedfellows sign on to a new marijuana banking bill
    Posted in Articles on May 18, 2017 | Preview rr
    Tags: Jobs & the Economy

    For years, lawmakers have introduced marijuana banking bills that have gone nowhere. Now, comes a new bill -- this one has the backing of Republican Sen. Cory Gardner and Democrat Sen. Michael Bennet. But it also includes sponsorship from Massachusetts Democrat Sen. Eliabeth Warren and Republican Sen. Rand Paul, of Kentucky. Called the Secure and Fair Enforcement (SAFE) Banking Act of 2017, its backers say it will solve a key logistical and public safety problem in the states that have legalized... Read more

  • Federal bills from Colorado legislators seek to shield state marijuana laws, open banking
    Posted in In the News on May 18, 2017 | Preview rr
    Tags: Jobs & the Economy

    Colorado federal lawmakers this week amplified efforts to protect state-enacted marijuana laws and cannabis businesses. Reps. Diana DeGette and Mike Coffman on Thursday introduced the Respect States’ and Citizens’ Rights Act of 2017, which would add a provision to the Controlled Substances Act that would prevent federal preemption of state law. A day earlier, Colorado’s two senators threw their support behind banking legislation for the marijuana industry. DeGette, a Democrat, and Coffman, a Rep... Read more

  • Editorial: Get behind marijuana banking law
    Posted in In the News on May 18, 2017 | Preview rr
    Tags: Jobs & the Economy

    No matter where one stands on the legality of marijuana, or whether marijuana businesses should operate in your community, the safety of those businesses and the people who operate them is important. Without access to banking services, due to the fact that federal law still criminalizes the drug, dispensaries deal almost entirely in cash. Automatic teller machines in the lobby of marijuana retail establishments allow banks to collect service fees for those who want to withdraw cash to buy the pr... Read more

  • Perlmutter Joins New Democrat Coalition to Propose Bipartisan Infrastructure and Tax Reform Package
    Posted in Press Releases on May 17, 2017 | Preview rr
    Tags: Jobs & the Economy, Transportation

    Washington, D.C. –Today, U.S. Rep. Ed Perlmutter (CO-07) and 45 members of the New Democrat Coalition (New Dems) sent a letter to President Trump encouraging him to focus on tax reform and fixing our nation’s infrastructure. For too long, Congress has relied on irresponsible, stop-gap measures that hinder economic growth and make it more difficult to revitalize our outdated infrastructure and overly-complicated tax code. The American Society of Civil Engineers (ASCE) rated our the U.S.’s infrast... Read more

  • Perlmutter bill would give marijuana ventures access to banking system
    Posted in In the News on May 8, 2017 | Preview rr
    Tags: Jobs & the Economy

    Serving marijuana ventures can prove to be risky business for banks, but new federal legislation sponsored by a Colorado Democrat who has his eye on the governorship seeks to remedy that. U.S. Rep. Ed Perlmutter, a Democrat from Arvada, introduced the Secure and Fair Enforcement Banking Act (SAFE Banking Act) last week, which would protect financial institutions serving marijuana businesses from federal government reprisal. Perlmutter is co-sponsoring the legislation with U.S. Reps Denny Heck, a... Read more

Stay Connected

Sign up to get Ed's newsletter delivered straight to your inbox.

Upcoming Events

See the upcoming events on Ed's calendar.

View More