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 …
Sponsor and status
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.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
21 Cosponsors (19 Democrats, 2 Republicans)
History
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Apr 23, 2020
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Introduced
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 passed by the end of a Congress is cleared from the books.
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“H.R. 6602 — 116th Congress: Emergency Cannabis Small Business Health and Safety Act.” www.GovTrack.us. 2020. June 10, 2023 <https://www.govtrack.us/congress/bills/116/hr6602>
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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.
