To decriminalize and deschedule cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide for expungement of certain cannabis offenses, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To decriminalize and deschedule cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide for expungement of certain cannabis offenses, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Trade, Criminal Justice.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H23734223678B4573BAC9DC3BFA8A4BE9: 1. Short title This Act may be cited as the Marijuana Opportunity Reinvestment and Expungement Act or the MORE Act.
- Section HE097A4B4A3254E6896FD576C1E176906: 2. Findings The Congress finds as follows: The communities that have been most harmed by cannabis prohibition are benefiting the least from the legal marijuana...
- Section H0186D02854084906A323A8232FA942B4: 3. Decriminalization of cannabis Subsection (c) of schedule I of section 202(c) of the Controlled Substances Act (21 U.S.C. 812) is amended— by striking (10)...
- Section HAB55B7BF57334215B275DDBA9D47DD70: 4. Demographic data of cannabis business owners and employees The Bureau of Labor Statistics shall regularly compile, maintain, and make public data on the...
- Section HB3F44660BF274C7F925DE73B137F0EDD: 5. Creation of Opportunity Trust Fund and imposition of taxes with respect to cannabis products Subchapter A of chapter 98 of the Internal Revenue Code of 1986...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To decriminalize and deschedule cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide for expungement of certain cannabis offenses, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Trade, Criminal Justice
Primary Purpose
This bill, To decriminalize and deschedule cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide for expungement of certain cannabis offenses, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Nadler (for himself, Ms. Lee of California, Mr. Blumenauer, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "administrator_of_sba"
- → Administrator of the Small Business Administration
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_transportation"
- → Secretary of Transportation
- "secretary_of_health_and_human_services"
- → Secretary of Health and Human Services
Key Definitions
Terms defined in this bill
a criminal offense related to cannabis— that, under Federal law, is no longer punishable pursuant to this Act or the amendments made under this Act
an individual— who reports an income below 250 percent of the Federal Poverty Level for at least 5 of the past 10 years
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology