U.S. Senate Eyes Cannabis Banking Reform

OG Article By Anthony Martinelli in News

September 29 2025

Senator's Outlook

Senator Bernie Moreno (R), lead GOP sponsor of the SAFER Banking Act, hopes for Q4 movement.He suggests Trump may reschedule cannabis via executive order.

Commitment Amid Busy Schedule

Moreno took over after Senator Steve Daines left the Banking Committee.He told Ask a Pol he aims to advance the bill by year-end.Challenges include funding government, NDAA, and nominations.

On Rescheduling

Moreno noted Trump's endorsement of cannabis rescheduling.No executive order issued yet.Rescheduling is key; colleagues may hesitate without it.Time remains to act.

Bill Details

The SAFER Banking Act protects banks serving state-licensed cannabis businesses.Bipartisan support grows.Passed House multiple times; stalled in Senate.

Linked Issues

Rescheduling under Trump review.Banking reform gains traction.Cannabis policy ties into year-end priorities.