Bill > S4591

This bill, the Cannabis Administration and Opportunity Act, aims to decriminalize and deschedule cannabis, reinvest in communities adversely impacted by the war on drugs, and expunge certain cannabis offenses. Key provisions include: - Removing cannabis and tetrahydrocannabinols (THC) from the federal list of controlled substances and requiring the Attorney General to issue regulations removing them within 180 days. - Transferring cannabis enforcement functions from the Drug Enforcement Administration to the Departments of Health and Human Services and the Treasury. - Establishing a State cannabis-impaired driving prevention grant program and requiring research on the risks of cannabis-impaired driving. - Creating a Cannabis Justice Office to administer a Community Reinvestment Grant Program to provide services for individuals adversely impacted by the war on drugs. - Establishing a Cannabis Restorative Opportunity Program and Equitable Licensing Grant Program at the Small Business Administration to assist small businesses owned by socially and economically disadvantaged individuals. - Requiring the expungement of federal cannabis offense convictions for individuals not under criminal justice supervision. - Prohibiting the denial of federal public benefits or adverse immigration consequences based on cannabis offenses. - Directing the FDA to regulate cannabis products and establish product standards. - Creating an Opportunity Trust Fund to be funded by new cannabis product taxes. - Providing additional funding and authority to the Alcohol, Tobacco, and Cannabis Tax and Trade Bureau. - Requiring workplace health and safety provisions, including designating cannabis as a targeted topic for Occupational Safety and Health Act training grants. - Encouraging financial institutions to provide services to cannabis-related businesses and prohibiting discrimination in the provision of financial services. Overall, the bill aims to end cannabis prohibition at the federal level, reinvest in impacted communities, and establish a regulatory framework for the legal cannabis industry.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/4591/all-info