Congressional Leaders Block Multiple Bills from FAA Reauthorization

Efforts to attach marijuana banking and stablecoin regulation bills to the FAA reauthorization have been thwarted by top congressional leaders, dimming prospects for swift legislative action.

• House Speaker Mike Johnson and Senate Republican leader Mitch McConnell have opposed attaching unrelated measures to the FAA reauthorization.
• Proposed legislation includes opening banking services to marijuana businesses and regulating stablecoins.
• Supporters of these bills sought to expedite approval by attaching them to the must-pass FAA bill, but faced significant opposition.
• Senate Republicans and some Democrats have expressed skepticism about the feasibility of attaching these bills to the FAA legislation.
• Negotiations continue, with some lawmakers still hoping to push these initiatives through other legislative means.

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