Politico Reporter Natalie Fertig Posts On X, "Rep. Blaine Luetkemeyer Told Me Wednesday That Negotiations Over Section 10 Of The Safe Banking Act Are 'Down To Just The Last Few Words.'"

Author: Benzinga Newsdesk | February 15, 2024 11:52am

https://twitter.com/natsfert/status/1758155126483636283?s=20

 

https://subscriber.politicopro.com/article/2024/02/luetkemeyer-cannabis-banking-section-ten-negotiations-are-down-to-just-the-last-few-words-00141614?source=email

 

Luetkemeyer: Cannabis banking negotiations over gun shop protections 'down to just the last few words'

The key section lawmakers are discussing is section 10, which contains provisions that address an Obama-era program called Operation Choke Point.

Negotiations over a key section of the cannabis banking bill — addressing protections for gun shops — are close to wrapping up, according to one of the lead negotiators on the legislation.

Rep. Blaine Luetkemeyer (R-Mo) told POLITICO on Wednesday that lawmakers have continued to work on it for the last six months, sending bill text back and forth. Most recently, he approved another version that was sent back to the Senate just last week.

"We're down to just the last few words," Luetkemeyer said. "I'm at a place I'm comfortable with. They've gotta get comfortable where I'm at."

The backdrop: The key section lawmakers are discussing is section 10, which contains provisions that address an Obama-era program called Operation Choke Point. GOP lawmakers argue the program unfairly targeted businesses like gun manufacturers and oil and gas companies.

The language was added in the House before it passed that chamber the first time in 2019, and has support from conservatives like Sen. Cynthia Lummis (R-Wyo.) who otherwise may not support the cannabis banking bill on its own.

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