Marijuana Revenue and Regulation Act
Latest action · Feb 7, 2019 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 7, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Marijuana Revenue and Regulation Act
This bill removes marijuana from the list of controlled substances and establishes requirements for the taxation and regulation of marijuana products.
The bill imposes (1) an excise tax on marijuana products produced in or imported into the United States, and (2) an occupational tax on marijuana production facilities and export warehouses.
The term "marijuana product" does not include (1) any article containing marijuana that has been approved by the Food and Drug Administration (FDA) for sale for therapeutic purposes and is marketed and sold solely for such purpose, or (2) industrial hemp.
The excise tax includes exemptions for (1) products used for research or by government entities for nonconsumption purposes; and (2) the transfer of products between production, import, and export facilities.
The Department of Justice must remove marijuana from all schedules of controlled substances under the Controlled Substances Act. The bill prohibits marijuana from being shipped or transported into any state or jurisdiction where it is illegal.
Producers, importers, and exporters of marijuana products must (1) obtain a permit from the Department of the Treasury, and (2) comply with certain requirements regarding recordkeeping, packaging, labeling, and advertising.
The bill also
- establishes penalties for violations of marijuana laws;
- prohibits the sale of more than one ounce of marijuana in any single retail transaction; and
- provides specified authorities to the FDA and the Bureau of Alcohol, Tobacco, Firearms, and Explosives with respect to marijuana.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jun 5, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Kirsten E. Gillibrand | Jun 5, 2019 |
Actions 2
Everything that happened, newest first.
- Feb 7, 2019Introduced in Senate
- Feb 7, 2019Read twice and referred to the Committee on Finance.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 420 | Regulate Marijuana Like Alcohol Act | Related bill | Feb 8, 2019 |
| HR 1120 | Marijuana Revenue and Regulation Act | Identical bill | Mar 22, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative law and regulatory procedures
- Administrative remedies
- Civil actions and liability
- Congressional oversight
- Consumer affairs
- Department of Justice
- Department of the Treasury
- Drug Enforcement Administration (DEA)
- Drug trafficking and controlled substances
- Drug, alcohol, tobacco use
- Executive agency funding and structure
- Fraud offenses and financial crimes
- Government studies and investigations
- Judicial review and appeals
- Licensing and registrations
- Marketing and advertising
- Retail and wholesale trades
- Sales and excise taxes
- Tax administration and collection, taxpayers
- Taxation
- Trade restrictions
Text 1
Each version as it was printed, newest first.
- Feb 7, 2019Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.