CLAIM Act

This bill would bar federal agencies from prohibiting, penalizing, or discouraging insurance companies from insuring cannabis businesses that operate legally under state, local, or tribal law. Agencies could not cancel or limit an insurer's policies, or take supervisory action, solely because of insurance tied to such businesses, their workers, or landlords who lease to them. Insurers and their officers and employees could not be held liable under federal law solely for providing insurance to these businesses or for investing the income from it. The bill would not require any insurer to cover cannabis businesses. It would also direct the Government Accountability Office to study and report to Congress on barriers that minority-owned and women-owned cannabis businesses face in entering the market and getting financial services.

Full text and official record on Congress.gov

Sponsors

• Kevin Cramer Republican sponsor
• 1 cosponsors