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H.R. 6602: Emergency Cannabis Small Business Health and Safety Act

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About the bill

Should the state-legal businesses be eligible for federal loans, if they’re technically illegal under federal law?

Context

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

Earl Blumenauer

Sponsor. Representative for Oregon's 3rd congressional district. Democrat.

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Last Updated: Apr 23, 2020
Length: 6 pages
Introduced
Apr 23, 2020
116th Congress (2019–2021)
Status

Introduced on Apr 23, 2020

This bill is in the first stage of the legislative process. It was introduced into Congress on April 23, 2020. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
2% chance of being enacted according to Skopos Labs (details)
Source

History

Apr 23, 2020
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 6602 is 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.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 6602 — 116th Congress: Emergency Cannabis Small Business Health and Safety Act.” www.GovTrack.us. 2020. September 30, 2020 <https://www.govtrack.us/congress/bills/116/hr6602>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.