A Democratic bill with 1 Republican cosponsor · See the cosponsor
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill is known as the Clarifying Law Around Insurance of Marijuana Act or the CLAIM Act. It prevents Federal agencies from penalizing, discouraging, or limiting insurers that provide insurance to legitimate cannabis-related businesses. The bill also protects these insurers, along with their officers, directors, and employees, from being held liable under any Federal law solely for providing insurance or investing income from those insurance activities. Additionally, the legislation requires the Comptroller General to conduct a study on the barriers to marketplace entry and access to financial services for minority-owned and women-owned cannabis-related businesses. Finally, the bill clarifies that insurers are not required to offer insurance to cannabis businesses.
Yes· 3 of 6
- Scored +6
Does this make it easier to run a small business?
The bill provides critical legal protections and safe harbor provisions for insurers servicing state-legal cannabis businesses, making it easier for these enterprises to access necessary insurance coverage.
- Scored +5
Would business owners be better off under this?
Cannabis business owners benefit significantly from the ability to obtain insurance coverage and protection from federal penalties.
- Scored +5
Does this leave more decisions to the states?
The legislation respects and accommodates state-level legalization frameworks by shielding insurers from federal penalties when operating within state laws.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection for Insurers and Workers: Under Section 2(b) and Section 2(c), Federal agencies are barred from penalizing or limiting insurers who work with cannabis-related legitimate businesses, and these insurers and their employees are protected from Federal liability. This provides clear common-sense protections for people working in the insurance industry who service legal cannabis businesses.
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Study on Diversity and Inclusion: Under Section 3(a), the Comptroller General must study the barriers minority-owned and women-owned cannabis-related businesses face when entering the marketplace and accessing financial services. This could benefit these business owners by leading to recommendations for removing these hurdles.
Potential Negative Impacts for People
- No Specific Negative Impacts Identified: Based strictly on the provided text, there are no specific provisions that outline direct negative consequences or burdens for individuals or groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill provides critical legal protections and safe harbor provisions for insurers servicing state-legal cannabis businesses, making it easier for these enterprises to access necessary insurance coverage. Is this likely to create jobs? — By protecting insurers and financial services associated with legitimate cannabis businesses, the bill fosters a more stable economic environment that can support job growth in the sector. Is this likely to grow the economy? — Integrating legal cannabis businesses into the formal insurance market reduces operational friction and encourages economic activity in states where cannabis is legal.
- Demographic And Interest Groups
- Would business owners be better off under this? — Cannabis business owners benefit significantly from the ability to obtain insurance coverage and protection from federal penalties. Would farmers be better off under this? — Cannabis cultivators and producers are included in the definition of legitimate businesses eligible for safe-harbor insurance protections.
- Governance And Ideology
- Does this leave more decisions to the states? — The legislation respects and accommodates state-level legalization frameworks by shielding insurers from federal penalties when operating within state laws.
- 9/16/2026
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
5 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Warren DavidsonRepublican · Ohio