Charles Schumer

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., on Wednesday, Sept. 14, 2022.Ting Shen | Bloomberg | Getty ImagesThe Senate Banking Committee is holding its first-ever hearing Thursday on a bipartisan bill that would allow the cannabis industry to access traditional banking services — which marijuana businesses see as critical to their survival.The meeting, titled "Examining Cannabis…

A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California.Mario Tama | Getty ImagesThe House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. The bill now goes to the Senate, where Majority Leader Chuck Schumer, D-N.Y., has promised swift passage.The House voted 290 to 137 — with 79 Republicans joining 211 Democrats — to pass the legislation, which approves new contracts providing railroad workers with 24%…

Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners.George Frey | Getty ImagesProposed tax credits of up to $7,500 for electric vehicles under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies and a group representing major automakers such as General Motors, Toyota Motor and Ford Motor.The new rules would raise a sales…

Erin Woods for the Vote No on the Constitutional Amendment on Abortion canvases a neighborhood on August 01, 2022 in Lenexa, Kansas.Kyle Rivas | Getty ImagesSenate Majority Leader Chuck Schumer and other leading Democrats on Wednesday said an unexpectedly strong vote to uphold the right to an abortion in "red" Kansas gives their party a boost over Republicans going into the fall midterms."Last night in the American heartland, the people of Kansas sent an unmistakable message to MAGA Republican extremists — back off…

US President Joe Biden reacts to a note given to him saying that the CHIPS-plus bill has passed the House during a meeting with CEOs about the economy in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC on July 28, 2022.Mandel Ngan | AFP | Getty ImagesThe House on Thursday passed bipartisan legislation to boost U.S. competitiveness with China by allocating billions of dollars toward domestic semiconductor manufacturing and science research.The bill passed…

President Joe Biden listens as Communications Workers of America President Christopher Shelton speaks during a virtual meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, in the South Court Auditorium at the White House on July 25, 2022 in Washington, DC.Anna Moneymaker | Getty ImagesThe Senate on Wednesday passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductor chips.The bill,…

The all-electric Chevrolet Silverado at the New York Auto Show, April 13, 2022.Scott Mlyn | CNBCDETROIT – The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North America are urging Congress to lift the federal government's cap on the number of vehicles that are eligible for a tax credit of up to $7,500, a move they say will encourage consumer adoption of the cars and trucks.In a joint letter Monday to congressional leaders, the executives say the credit, which begins phasing out once a…

Speaker of the House Nancy Pelosi (D-CA) speaks at a rally with gun violence prevention organizations, gun violence survivors and hundreds of gun safety supporters demanding gun legislation, ouside the United States Capitol in Washington, June 8, 2022.Evelyn Hockstein | ReutersThe House on Wednesday passed a sweeping gun bill that would raise the minimum age to purchase an assault rifle in the U.S. from 18 to 21, even though the legislation doesn't stand much of a chance in the Senate.The bill, called the Protecting Our…

U.S. Senate Rules and Administration Committee Chair Sen. Amy Klobuchar (D-MN) presides during a Senate Rules and Administration Committee oversight hearing to examine the U.S. Capitol Police following the January 6, 2021 attack on the Capitol, one day before the anniversary of the attack in Washington, U.S., January 5, 2022.Elizabeth Frantz | ReutersA major piece of legislation that could reshape the tech industry is just a few steps away from becoming federal law. But advocates fear that if congressional leadership…