HOUSE 2068117th CongressReferred to the House Committee on Financial Services.

CLAIM Act

Last Action: 3/18/2021

Actions

2021-03-18Referred to the House Committee on Financial Services.
2021-03-18Introduced in House
2021-03-18Introduced in House

CRS Summary

As of 2021-03-18 (00)

Clarifying Law Around Insurance of Marijuana Act or the CLAIM Act

This bill generally provides a safe harbor from penalties or other adverse agency action for insurance companies that provide services to cannabis-related legitimate businesses in jurisdictions where such activity is legal.

The Government Accountability Office must report on barriers to marketplace entry for minority-owned and women-owned cannabis-related businesses.

Cosponsors (1)

Steve Stivers (R-OH)

Subjects

Administrative law and regulatory procedures
Banking and financial institutions regulation
Congressional oversight
Criminal investigation, prosecution, interrogation
Drug trafficking and controlled substances
Financial services and investments
Government studies and investigations
Insurance industry and regulation
Licensing and registrations
Life, casualty, property insurance
Minority and disadvantaged businesses
State and local government operations
Women in business

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.