CLAIM Act
USA117th CongressS-862| Senate
| Updated: 3/18/2021
Robert Menendez
Democratic Senator
New Jersey
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightCriminal investigation, prosecution, interrogationDrug trafficking and controlled substancesFinancial services and investmentsGovernment studies and investigationsInsurance industry and regulationLicensing and registrationsLife, casualty, property insuranceMinority and disadvantaged businessesState and local government operationsWomen in business
CLAIM Act
USA117th CongressS-862| Senate
| Updated: 3/18/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Robert Menendez
Democratic Senator
New Jersey
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightCriminal investigation, prosecution, interrogationDrug trafficking and controlled substancesFinancial services and investmentsGovernment studies and investigationsInsurance industry and regulationLicensing and registrationsLife, casualty, property insuranceMinority and disadvantaged businessesState and local government operationsWomen in business