S 862 117th Congress Senate 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: March 18, 2021 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 18, 2021

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

Mar 18, 2021

Introduced in Senate

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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 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.

What's happening now March 18, 2021

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

Related & companion bills 1

Bill text 1 version