CLIMB Act

This bill would bar federal agencies from taking adverse action against a person only because that person provides business assistance to a cannabis business operating under state law, or to a company that serves such businesses. Business assistance includes services such as banking, insurance, lending and investment, accounting, real estate, legal services, marketing, technology, transportation, and handling securities. The bill would also amend the Securities Exchange Act of 1934 so that national securities exchanges and market participants could list, trade, and help offer the securities of state-legal cannabis businesses and their service providers without violating federal law. The changes would take effect 180 days after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Guy Reschenthaler Republican sponsor
• 5 cosponsors