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A pro-cannabis activist holds up a marijuana cigarette during a rally on Capitol Hill on April 24, 2017 in Washington, DC. / AFP PHOTO / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP via Getty Images)

The House Judiciary Committee approved a bill 24-10 Wednesday that would decriminalize marijuana at a federal level.

Why it matters This is the first time a congressional committee has passed a bill to nationally legalize the drug, as ABC notes.

  • The Marijuana Opportunity Reinvestment and Expungement Act of 2019, or MORE Act,would would require federal courts to expunge previous convictions for marijuana offenses,

What's next: The bill, which proposes to remove marijuana from a list of federally controlled substances, will now go to the full House.

Yes, but: While it has a good chance of passing in the Democratic-controlled House, it may well be thwarted in the Senate, where Republicans hold the majority, as Majority Leader Mitch McConnell (R-Ky.) is against legalizing the drug, per CNBC.

Go deeper:

Go deeper

Updated 25 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President-elect Joe Biden and Vice President-elect Kamala Harris have arrived at the Capitol. Members of congressional leadership and VIPs will soon be introduced. Watch a livestream here.

What's next: Biden and Harris will take their oaths of office. Shortly after, President Biden will deliver his inaugural address. What to expect.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Momentum builds for major antitrust reform

Illustration: Aïda Amer/Axios

President Trump's outgoing antitrust chief Makan Delrahim on Tuesday endorsed a proposal from House Democrats that would put new limits on acquisitions by large companies, during comments made at a Duke University event.

Why it matters: Momentum is building for major antitrust reform, updating rules that were written for railroads instead of routers.

Updated 2 hours ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.