118th Congress · SENATE BILLBILL

S. 1359CLAIM Act

A bill to create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related legitimate business, and for other purposes.

Finance and financial sector
Introduced Apr 27, 2023
Last action Apr 27, 2023
Pipeline · Bill → Law
Step 1
Introduced
Apr 27, 2023
Step 2
Referred
Apr 27, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in Senate
Timeline · 2 actions
Apr 27, 2023
Introduced in Senate
Apr 27, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.