HR 2984 118th Congress House Finance and Financial Sector

CLAIM Act

Introduced: April 27, 2023 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

Apr 27, 2023

Referred to the House Committee on Financial Services.

Apr 27, 2023

Introduced in House

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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 April 27, 2023

Referred to the House Committee on Financial Services.

Related & companion bills 1

Bill text 1 version