With midterm elections right about to begin and the U.S. Congress in a rush to clear up unfinished business, a bipartisan group of lawmakers is growing increasingly frustrated with Senate Democrats continually rejecting the SAFE Banking Act already passed by the U.S. House of Representatives.

Moreover, the Senate has held off on holding a vote on the SAFE Banking Act – or any other marijuana reform proposal – that could pave the way for House-Senate negotiations.

The head of the Senate Banking Committee, meanwhile, says his hands are tied by U.S. Senate Majority Leader Chuck Schumer, even as the clock ticks toward November’s midterm elections.

In short, the cannabis banking bill appears to have hit yet another wall, and odds that it will reach President Joe Biden’s desk this year are slim to none.

A historic high of nine Senate Republicans cosponsored the SAFE Banking Act this session.

With state, local, and community banks nationwide now lobbying lawmakers on the measure, some skeptical Democrats say they know why so many of their Republican colleagues are at the table.

“The banks have a lot of influence with Republicans. I’ll just leave it at that,” said U.S. Sen. Sherrod Brown.

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