A Republican bill with 4 Democratic cosponsors · See all 5 cosponsors
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
The CLIMB Act aims to stop Federal agencies from taking adverse actions against people just because they provide business assistance to cannabis-related legitimate businesses. It provides specific definitions for business assistance, including financial services, legal services, and real estate transactions. The bill also amends the Securities Exchange Act of 1934 to establish a safe harbor for national securities exchanges. This safe harbor allows these exchanges and market participants to list and trade securities for cannabis-related legitimate businesses and service providers. The legislation includes detailed definitions for what constitutes a cannabis-related legitimate business and a service provider. These changes are set to take effect 180 days after the bill is enacted.
Yes· 3 of 4
- Scored +7
Would business owners be better off under this?
The bill provides legal protections and market access that benefit owners of cannabis-related legitimate businesses and their service providers.
- Scored +6
Does this make it easier to run a small business?
By protecting business assistance providers, the bill helps cannabis-related businesses access essential financial, legal, and real estate services.
- Scored +5
Is this likely to grow the economy?
The bill facilitates capital access and securities trading for the cannabis industry, which can stimulate economic activity.
The opposite
- Scored -3
Government Integrity And Operations
The bill limits the ability of federal agencies to take adverse actions against specific types of business assistance providers.
Who it would affect, and how
Potential Positive Impacts for People
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Protection from Federal Agency Action: Federal agencies are prohibited from taking adverse action against a person solely because they provide business assistance to a cannabis-related legitimate business (Section 2(a)). This provides security for those providing various services like financial products, insurance, accounting, or legal services.
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Market Access for Securities: National securities exchanges and market participants are granted a safe harbor to list, trade, and facilitate the offering of securities for cannabis-related legitimate businesses and service providers (Section s 3(m)(2)). This allows for the trading of these securities on national securities exchanges.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
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? — By protecting business assistance providers, the bill helps cannabis-related businesses access essential financial, legal, and real estate services. Is this likely to grow the economy? — The bill facilitates capital access and securities trading for the cannabis industry, which can stimulate economic activity.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides legal protections and market access that benefit owners of cannabis-related legitimate businesses and their service providers. Would people in cities be better off under this? — Expanding legitimate business services may lead to increased economic development in urban areas where cannabis businesses are often concentrated.
- Governance And Ideology
- Government Integrity And Operations — The bill limits the ability of federal agencies to take adverse actions against specific types of business assistance providers.
- 6/9/2026
- 1 Cosponsor added.
- 6/2/2026
- 1 Cosponsor added.
- 5/12/2026
- 1 Cosponsor added.
- 4/27/2026
- 1 Cosponsor added.
- 3/18/2026
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Troy CarterDemocrat · Louisiana
Christopher DeluzioDemocrat · Pennsylvania
Bill FosterDemocrat · Illinois
David JoyceRepublican · Ohio
Patrick RyanDemocrat · New York