As we come closer to long-awaited movement on the cannabis banking bill, set for a Senate committee markup on September 27, Senators are circulating a revised bill with an updated title and several new provisions related to federal financial regulations, guidance and reporting requirements. 

New Title

The title of the measure is being extended by one word: The bill is now being called the Secure and Fair Enforcement Regulation (SAFER) Banking Act.

The summary, first reported by Politico, offers a first look at the types of compromises senators appear to have made in order to garner bipartisan support. Several new provisions have to do with a component of the reform that Republicans have strongly favored and certain Democrats opposed over concerns …

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