HR 4074
116th Congress
House
Finance and Financial Sector
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
CLAIM Act
Introduced: July 25, 2019
Introduced by:
Velázquez, Nydia M.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2019
Referred to the House Committee on Financial Services.
Jul 25, 2019
Introduced in House
Plain-English summary
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 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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1