Senate Minority Leader Charles Schumer Chuck SchumerCruz blocks amended resolution honoring Ginsburg over language about her dying wish Senate Democrats introduce legislation to probe politicization of pandemic response Schumer interrupted during live briefing by heckler: 'Stop lying to the people' MORE (D-N.Y.) has introduced legislation to decriminalize marijuana at the federal level.

The Marijuana Freedom and Opportunity Act removes marijuana from the list of scheduled substances under the 1970 Controlled Substances Act, allowing states to decide how to handle marijuana possession, according to a statement from Schumer’s office.

“The time to decriminalize marijuana is now,” Schumer said.

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The bill, introduced Wednesday, would preserve the federal government’s ability to prevent trafficking from states where it would be legal to states where it is not, the statement said.

The legislation would also invest $500 million over the span of five years to the Department of Health and Human Services for medical marijuana research and understanding the effects of THC.

Under the bill, states would be allowed to seal or expunge individual marijuana possession records.

Schumer said in a statement that the legislation is “simply the right thing to do.”

The bill is co-sponsored by Sens. Bernie Sanders Bernie SandersOutrage erupts over Breonna Taylor grand jury ruling Dimon: Wealth tax 'almost impossible to do' Grand jury charges no officers in Breonna Taylor death MORE (I-Vt.), Tim Kaine Timothy (Tim) Michael KaineDemocrats call for declassifying election threats after briefing by Trump officials Buttigieg stands in as Pence for Harris's debate practice Trump meets with potential Supreme Court pick Amy Coney Barrett at White House MORE (D-Va.) and Tammy Duckworth Ladda (Tammy) Tammy DuckworthMcConnell focuses on confirming judicial nominees with COVID-19 talks stalled Biden courts veterans amid fallout from Trump military controversies John Fogerty: 'Confounding' that Trump campaign played 'Fortunate Son' at rally MORE (D-Ill.).

Attorney General Jeff Session told The Hill earlier this month that he hasn’t talked to President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE about legislation to decriminalize marijuana at the federal level but believes the president would support a bill that protected states that do so.