About the bill
Should the state-legal businesses be eligible for federal loans, if they’re technically illegal under federal law?
Eleven states plus the District of Columbia have legalized recreational marijuana. Yet while marijuana businesses and companies are now thriving on a state level there, the drug remains illegal on a federal level.
This legal grey area can create challenges. For example, most banks are unwilling to work with marijuana businesses, fearing potential reprisals.
In the past month, it also means state-legal marijuana businesses were among the few categories excluded from government loans issued during the covid-19 pandemic, including the recent $2 trillion CARES Act and its subsidiary Paycheck Protection Program (PPP).
Another category of business initially excluded included small casinos and gaming establishments, but the Treasury Department later reversed that decision ...
Sponsor and status
Sponsor. Representative for Oregon's 3rd congressional district. Democrat.
Last Updated: Apr 23, 2020
Length: 6 pages
116th Congress (2019–2021)
This bill was introduced on April 23, 2020, in a previous session of Congress, but it did not receive a vote.
Apr 23, 2020
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 6602 (116th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 6602. This is the one from the 116th Congress.
This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not enacted by the end of a Congress is cleared from the books.
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GovTrack.us. (2021). H.R. 6602 — 116th Congress: Emergency Cannabis Small Business Health and Safety Act. Retrieved from https://www.govtrack.us/congress/bills/116/hr6602
“H.R. 6602 — 116th Congress: Emergency Cannabis Small Business Health and Safety Act.” www.GovTrack.us. 2020. January 18, 2021 <https://www.govtrack.us/congress/bills/116/hr6602>
Emergency Cannabis Small Business Health and Safety Act, H.R. 6602, 116th Cong. (2020).
|title=H.R. 6602 (116th)
|accessdate=January 18, 2021
|author=116th Congress (2020)
|date=April 23, 2020
|quote=Emergency Cannabis Small Business Health and Safety Act
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