Bannon was convicted in 2022 for refusing to comply with a subpoena from the House Select Committee investigating the January 6, 2021 attack on the U.S. Capitol, and is continuing to appeal his conviction.
The 70-year-old Trump ally is scheduled to hold a news conference in Manhattan and resume his "War Room" podcast, which has seen a decline in listenership during his absence.
Bannon's release comes just one week before the 2024 election, with polls showing a close race between former President Trump and Vice President Harris.
Bannon's release won't significantly impact the election outcome. His podcast has lost momentum during his absence, falling out of the top charts. With only a week left, there's not enough time to mobilize his audience and create the post-election chaos some anticipate.