March 24, 2022 Momentum continues to grow for comprehensive marijuana policy reform as Congress prepares to vote for only second time in history to repeal federal prohibition Members of the US House of Representatives have announced that they will hold a floor vote next week on the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. The Drug Policy Alliance leads the coalition, which also includes the ACLU, Clergy for a New Drug Policy, Immigrant Defense Project, and Students for Sensible Drug Policy. Please give now to support our work, MORE Act Would Begin to Address Harm to US Communities of Color, Share this via Facebook If you can, please take a few minutes to help us improve GovTrack for users like you. Wednesday, March 30, 2022 - 1:00pm H-313, The Capitol View Announcement . Given the federal government is projected to operate at an around $1 trillion deficit this fiscal year, all sorts of government programs and services could be threatened. The excise tax would be based on the product's sale price and start at a base level of 5% for the first two years. It's worth noting that the MORE Act will not legalize cannabisindividual states get to decide on its legalization. April 18, 2022 Modern Canna Cannabis, Cannabis Legalization, Laws & Regulations. Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. Federal policymakers cannot allow the U.S. to default on its debt, and both Republicans and Democrats in Congress have recognized this in the early 2023 debate. Mastodon is an alternative social media platform. Please help us make GovTrack better address the needs of educators by joining our advisory group. In this episode, Lindsay talks with Hannah Daniel about the Senate's affirmative vote on the Respect for Marriage Act, the upcoming oral arguments for 303 Creative, and her trip to the border next week. Adopting fair-value accounting principles provides a more comprehensive and accurate assessment of risk - a welcome change that benefits taxpayers. Youre more than a vote, so support GovTrack today with a tip of any amount: Or keep using GovTrack for free! The TRUST Act from Sens. Your note is for you and will not be shared with anyone. This is part of a new project to develop better tools for bringing real-time legislative data into the classroom. We are also still on Instagram at @govtrack.us posting 60-second summary videos of legislation in Congress. Because you are a member of panel, your positions on legislation and notes below will be shared with the panel administrators. 10. You are encouraged to reuse any material on this site. https://t.co/UK2n50SU1G, Democratic senators in support of the act aim to introduce the legislation before recess in August. |title=H.R. The MORE Act, proposed originally in September 2019 by Rep. Jerrold Nadler (D-N.Y.), was the first cannabis law to find success on a federal level. Agreed to by record vote of219-202, after agreeing to the previous question by record vote of219-202, on March 31, 2022. The MORE Act would also impose two new taxes: The tax will start at 5 percent but increase to 8 percent over three years. UK and US Forced Displacement of the Chagossians and Ongoing Colonial Crimes, How Florida Judges Obstruct Young Peoples Ability to Obtain Abortion Care, Human Rights Watch defends the rights of people in close to 100 countries worldwide, spotlighting abuses and bringing perpetrators to justice. The No Budget, No Pay Act from Sens. Spending in the next 10 years will average 23.9 percent of gross domestic product (GDP), (above the 50-year historical average of 21 percent), while revenues will average 18.0 percent of GDP (above the 50-year historical average of 17.4 percent). Axios reported in September that some Republicans who vote for the bill may not reveal their intentions before they actually vote. Sponsor. Share this via LinkedIn The use of a sequester (across-the-board spending cut) as a backstop for lawmakers failure to agree to bipartisan deficit reduction. Interest rates on U.S. Treasuries are projected to be much higher in the next few years than CBO projected in May 2022: This raises net interest costs a whopping $1.6 trillion (19.7 percent) over the next decade compared to May 2022 projections. The stock market reacted by dropping 6.66 percent on the next day of trading. |url=https://www.govtrack.us/congress/bills/117/hr3617 ET The act will merely decriminalize it. Hackers/journalists/researchers: See these open data sources. Mandatory spending as a percentage of GDP has been running higher than the 50-year historical average (1973-2022) since the onset of the Great Recession, and is projected to continue running well above the historical average in the 10 years to come. There are numerous additional proposals that have received, are currently receiving, or could reasonably be expected to receive bipartisan backing in the context of broader fiscal reform. 8. The consequences for American families, businesses, and taxpayers are too great. Overseas Contingency Operations and/or emergency war funding reform: Perhaps the most prominent example of emergency funding misuse and abuse in recent years was the Overseas Contingency Operations, or OCO, account. And it would provide a special reconciliation process dedicated to deficit reduction, sorely needed reform given recent reconciliation measures have been used to increase deficits. The current political fight amounts to a high-stakes game of chicken with enormous consequences for the domestic and global economy. Adopted: 9-4, H-312, The Capitol Lee Michael Zeldin (born January 30, 1980) is an American attorney, politician, and officer in the United States Army Reserve.A member of the Republican Party, he represented New York's 1st congressional district in the United States House of Representatives from 2015 to 2023. Theyve begun pushing Democrats in the Senate to prioritize bills that have bipartisan support. And the trust funds for the nations two largest spending programs, Social Security and Medicare Part A, are projected to be insolvent in 2035 and 2028, respectively. Updated bill text was published as of Preprint (Rule). . The 2011 debt ceiling episode forever changed how Congresses and presidents handle the debt ceiling, given it was the most contentious debt ceiling standoff in U.S. history to date and led to the first-ever credit downgrade for the U.S. government. Waives all points of order against consideration of the bill. The SAFE Banking Act passed the House on April 19, 2021. Provides one hour of general debate equally divided among and controlled by the chairs and ranking minority members of the Committees on Education and Labor, Energy and Commerce, and Ways and Means, or their respective designees. See Changes . |work=Legislation WASHINGTONU.S. Payne, Jr. White House press secretary Jen Psaki said Biden agrees with most Democratic lawmakers that our current marijuana laws are not working, but did not specify whether Biden supports the MORE Act. For example, executives are trying to drive forward the SAFE Banking Act, which would allow legally operating cannabis businesses to utilize banking services. The 2021 tentative schedule is still available. The bill also makes other profound changes, including the following: In February, Senate Majority Leader Chuck Schumer (D-NY) also explained in a press conference and in a letter to colleagues the details of his own bill to federally legalize cannabis. Despite the enactment of the BCA on August 2, 2011, one of the three major credit rating agencies, Standard & Poors (S&P), gave the U.S. government its first ever credit downgrade on August 5, 2011. It would provide for biennial, rather than annual, budgeting, forcing Congress to think more long-term about spending and revenue targets. 3617, as reported by the Committee on the Judiciary, with modifications. The bill will need 60 votes in order for it to become a law. By our count at NTU, this has been done at least 32 times since 1979, including six times when Democrats controlled the House, the Senate, and the White House. Waives all points of order against provisions in the bill, as amended. MARIJUANA LAWS The Senate, 39-0, approved and sent . Although this bill was not enacted, its provisions could have become law by being included in another bill. Default is not an option. 4. It would require the Budget Committees to establish goals for debt-to-GDP ratios, a key measure of the nations fiscal health. It was most recently raised to $31.4 trillion in December 2021. H.R. Senator Chris Murphy (D-Conn.) on Thursday took to the U.S. Senate floor to slam Senate Republicans for blocking passage of the Honoring our PACT Act, legislation to expand health care benefits for veterans.The bill passed last month by a vote of 84-14, but another vote was required after the House of Representatives acted on a slightly modified bill to correct a procedural . The bill would end federal prohibition of marijuana by removing it from the list of banned controlled substances. Defeated: 49, Motion by Mrs. Fischbach to amend the rule to H.R. An excise tax on cannabis products produced in or imported into the U.S. An occupational tax on cannabis production facilities and export warehouses. Waives all points of order against consideration of the bill. Makes in order only those further amendments to H.R. Latest U.S. Economy & Politics News and Updates. Defeated: 49, Motion by Mrs. Fischbach to amend the rule to H.R. However, there are also significant negative consequences for American families, businesses, and taxpayers in allowing America to continue on its unsustainable fiscal trajectory. Federal: Senate Proposal To End Marijuana Criminalization On July 14th, Senators Cory Booker, Ron Wyden, and Majority Leader Chuck Schumer released a draft discussion bill outlining their proposal to legalize and regulate cannabis and cannabis commerce in a post-prohibition America. With the exception of a few years during the Obama administration (and when Republicans held one or both chambers of Congress), deficits have generally been higher than 50-year historical averages (as a percentage of GDP) since the Great Recession of 2007-08, and CBO projects they will increase further in the decade ahead. 2. According to senator Ron Wyden, it's for the bill to be produced well before the August recess to continue building momentum for cannabis reform.. 6552; A bill to amend section 1115 of title 31, United States Code, to amend the description of how performance goals are achieved, and for other purposes. In short, no one in America wins if the federal government defaults on its debt. Many people are worried that these two competing bills could create an unnecessary deadlock.). (2023). The intrigue: While 10 Senate Republicans would need to vote with all Democrats to break a filibuster, only a handful have come out publicly in support of the bill. The debt ceiling reached its limit, previously established by PL 111-139 (which included the Statutory PAYGO Act, see above), in May 2011. (Co-sponsor) This bill was introduced in a previous session of Congress and was passed by the House on April 1, 2022 but was never passed by the Senate. The Bipartisan Congressional Budget Reform Act from the late Sen. Mike Enzi (R-WY) and Sen. Sheldon Whitehouse (D-RI), as introduced in the 116th Congress: This legislation from several years ago, championed by the late Senate Budget Chair Mike Enzi (R-WY) and current Senate Budget Chair Sheldon Whitehouse (D-RI), would overhaul and improve the Congressional budget process. Provides for an additional automatic taxpayer refund for the 2021 taxable year in the amount of $200 to taxpayers who are . Joni Ernst (R-IA) and Gary Peters (D-MI), and Rep. Mike Gallagher (R-WI) and former Rep. Jackie Speier (D-CA): This legislation would require federal agencies to report on all projects that are $1 billion over budget, five years behind schedule, or both. Georgia's state senate voted 28-27 against a bill that would have . March 1, 2022 11:30AM EST Marijuana Justice Coalition Urges House Leadership to Vote on MORE Act Legislation Would End Federal Marijuana Prohibition, Address Collateral Consequences of. It goes to the Senate next. 3617 printed in part B of the Rules Committee report. 3617 (117th) The largest single legislative contributors to 10-year deficits in the past nine months were the PACT Act and higher discretionary defense spending. Both parties are therefore responsible for solutions to our nations unhealthy debt and deficit levels. Passing with a vote of 220-204, the MORE Act does not have overwhelming bipartisan support, with only 3 Republican representatives backing the bill. If youve visited a bill page on GovTrack.us recently, you may have noticed a new study guide tab located just below the bill title. https://www.marijuanamoment.net/house-begins-final-debate-on-federal-marijuana-legalization-bill-with-floor-vote-imminent/, 3.) To reiterate: default should not be on the table. People may receive compensation for some links to products and services on this website. https://thehill.com/news/senate/3269145-timeline-for-marijuana-legalization-bill-slips-in-senate/. This legislation was not bipartisan at the time of introduction, but NTU strongly believes preventing abuse of emergency war funding accounts would be a bipartisan cause should Congress take it up, given members of both parties criticized the OCO slush fund in prior years. Visit us on Instagram, This bill would be bad news for LeBron Jamess son Bronny James, who at age 14 accumulated more than 1 million Instagram followers in his Feb 22, 2023, Contrary to the Steve Martin and Queen Latifah film title, this legislation would be bringing up the House. The Senate, however, did not give a hearing or hold a vote on it in 2020. Provides that an amendment in the nature of a substitute consisting of thetext of Rules Committee Print 117-38, modified by the amendment printed in part C of the Rules Committee report, shall be considered as adopted and the bill, as amended, shall be considered as read. (The MORE Act is different from the Cannabis Administrative and Opportunity (CAOA) Act, the Senates comprehensive cannabis bill spearheaded by Senate majority leader Chuck Schumer. The SAFE Banking Act passed the House on april 19, 2021 on at. Today with a tip of any amount: or keep using GovTrack for free published... 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