Dems aim to attach marijuana banking, CDFI legislation to defense bill

by David Baumann, CUCollaborate

From marijuana to the National Credit Union Administration (NCUA)’s Central Liquidity Facility (CLF) House members want to load the FY23 defense authorization bill with a wish list of non-defense items.

Whether or not they’ll succeed is another question altogether.

The annual defense bill is one of a few pieces of legislation that is considered to be a must-pass measure. And so, House members try to attach their pet issues onto the bill as it winds its way through the legislative process.

This year is no exception. Comb through the 1,144 amendments submitted to the House Rules Committee on H.R. 7900, and you’ll find several proposals related to the financial services industry, regardless of whether they have anything to do with defense.

 

continue reading »