S 862
CLAIM Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The CLAIM Act aims to protect insurance companies that provide services to cannabis-related businesses operating legally under state or tribal laws. It establishes a ‘safe harbor’ to prevent federal agencies from penalizing or discouraging insurers due to their involvement with these businesses. The bill also directs the Government Accountability Office (GAO) to study barriers to entry and access to financial services for minority-owned and women-owned cannabis businesses, and to recommend potential regulatory or legislative changes.
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