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S. 862

BillFederalSenateIn Committee
Clarifying Law Around Insurance of Marijuana Act
About This Bill
Committee
Latest Action · March 18, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
117th (2021–2023)
Introduced
March 18, 2021
Cosponsors (3)
1D 2R
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Summary

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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.

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