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- S.862
S.862: Clarifying Law Around Insurance of Marijuana Act
About This Bill
- Introduced March 18, 2021
- Latest Major Action March 18, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Version
- Introduced in Senate - March 18, 2021
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 18, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| March 18, 2021 |
Introduced in the Senate by Robert Menendez (D-N.J.) |