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☆ Lawmakers reintroduce SAFE Banking Act, a bill the cannabis industry hails as a lifeline
▼ + stars: | 2023-04-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

Aaron Smith, chief executive officer of the National Cannabis Industry Association, speaks during a news conference on the Safe Banking Act outside the US Capitol in Washington, D.C., US, on Wednesday, Sept. 14, 2022. A group of bipartisan lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the House and Senate on Wednesday, after the legislation designed to free up banking services for the cannabis industry stalled in last year's Congress. "For the first time, we have a path for SAFE Banking to move through the Senate Banking Committee and get a vote on the floor of the Senate," Merkley said in a statement. The bipartisan nature of the SAFE Banking Act's reintroduction appeared to boost hopes of more relief to come in the industry. It is past time that Congress addresses the irrational, unfair, and unsafe prohibition of basic banking services to state-legal cannabis businesses," said Blumenauer, founder and co-chair of the Congressional Cannabis Caucus.

☆ Mitt Romney calls new bike lanes 'the height of stupidity' as bicyclists press Congress to make roads safer and e-bikes cheaper
▼ + stars: | 2023-04-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Sen. Mitt Romney said making room for bike lanes is "the height of stupidity" and opposes e-bike credits. "Removing automobile lanes to put in bike lanes is, in my opinion, the height of stupidity, it means more cars backing up, creating more emissions." "There is a widespread suspicion on the right today that liberals want to take away their way of life," Carney told Insider. That is in the background of the mind of every conservative, and so when they hear more bike lanes, they think, 'Okay, what is that code for?'" Carney told attendees at the annual National Bike Summit in Washington last week to frame their efforts as building safer and more interconnected communities.

☆ Democrats want to make electric bikes much cheaper by giving you up to $1,500 to buy one
▼ + stars: | 2023-03-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

A new bill would give Americans up to $1,500 off the purchase of an electric bicycle. The Senate cut this legislation out of the 2022 Inflation Reduction Act, but included subsidies for electric cars and SUVs. Biking advocates argue that electric bikes should be subsidized just as electric cars have been for years. Electric bikes have boomed in popularity in the US over the last several years. E-bike tax credits introduced by cities and states around the country have become hugely popular in recent years.

☆ U.S. lawmakers push for more oversight of Elon Musk's Neuralink
▼ + stars: | 2022-12-08 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com time to read: +3 min

Dec 8 (Reuters) - U.S. House Representatives Earl Francis Blumenauer and Adam Schiff want further U.S. Department of Agriculture (USDA) scrutiny of Elon Musk's Neuralink following a Reuters report that outlined mistakes in the brain chip company's animal testing program, their offices said on Thursday. A USDA spokesperson said the agency could not comment on Neuralink and referred Reuters to the inspector general's office, which also declined to comment. In total, the company has killed about 1,500 animals, including more than 280 sheep, pigs and monkeys, following experiments since 2018, Reuters found. Blumenauer's and Schiff's offices declined to comment on what they want the USDA to do beyond the inspector general's investigation. Schiff has also been critical of Musk's $44 billion acquisition of Twitter Inc, accusing him of "sabotaging safeguards against digital misinformation and hate."

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