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The Senate bill had additional provisions regarding expungements and was being called "SAFE Banking Plus". Industry publication Marijuana Business Daily asserted that SAFE Banking Plus was likely to be on the agenda in the lame-duck session following the November elections, [22] as did Dow Jones' MarketWatch , [23] while Kiplinger's Personal ...
The bill was also passed with a last-minute package of amendments that, among other things, introduced new requirements on banking regulators who oversee the industry. Sen. Kyrsten Sinema (I-AZ ...
The Emergency Economic Stabilization Act of 2008, also known as the " bank bailout of 2008 " or the " Wall Street bailout ", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The bill was proposed by Treasury Secretary Henry Paulson, passed ...
The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save ...
“ICBA has worked with the congressional offices to include in the bill an exemption for community banks under $10 billion in assets,” the group wrote ahead of the Senate Banking Committee vote.
Richard Shelby. Richard Craig Shelby (born May 6, 1934) is an American lawyer and politician who served as a United States senator from Alabama from 1987 to 2023. First elected to the U.S. Senate in 1986 as a Democrat who later switched to the Republican Party in 1994, he chaired the Senate Appropriations Committee from 2018 to 2021.
Editor’s Note: This story has been updated to reflect that Sen. Mark Warner (D-Va.) said marijuana was legal in over half the states. A bipartisan coalition of senators behind a cannabis banking ...
The bill passed the House in September 1913, but it faced stronger opposition in the Senate. After Wilson convinced just enough Democrats to defeat an amendment put forth by bank president Frank A. Vanderlip that would have given private banks greater control over the central banking system, the Senate voted 54–34 to approve the Federal ...