Bill > HR2984

This bill, the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act), creates a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related legitimate business. The bill defines key terms like "cannabis," "cannabis product," "cannabis-related legitimate business," and "insurer." It prohibits federal agencies from taking certain actions against insurers for engaging in the business of insurance with cannabis-related legitimate businesses or related entities. The bill also provides protections under federal law for insurers and their officers, directors, and employees for engaging in the business of insurance with cannabis-related legitimate businesses or related transactions. Additionally, the bill requires the Government Accountability Office (GAO) to study the barriers to marketplace entry and access to financial services for minority-owned and women-owned cannabis-related legitimate businesses.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/2984/all-info