S. 2201 116th Congress Senate

CLAIM Act

Official title: A bill to create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business, and for other purposes.

Introduced: July 22, 2019 See on congress.gov

Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationCriminal investigation, prosecution, interrogationDrug trafficking and controlled substances

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Financial services and investmentsInsurance industry and regulationLicensing and registrationsLife, casualty, property insuranceState and local government operations

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 22, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jul 22, 2019

Introduced in Senate

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Latest action July 22, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Plain-English summary Congressional Research Service

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.

Related & companion bills 1

Bill text 1 version