US SB2201 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 22 2019 - 25% progression, died in committee
Action: 2019-07-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 22 2019 - 25% progression, died in committee
Action: 2019-07-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Generally provides a safe harbor from penalties or other adverse agency action for insurance companies that provide services to cannabis-related businesses in jurisdictions where such activity is legal.
Title
CLAIM Act Clarifying Law Around Insurance of Marijuana Act
Sponsors
| Sen. Robert Menendez [D-NJ] | Sen. Rand Paul [R-KY] | Sen. Jeff Merkley [D-OR] | Sen. Kevin Cramer [R-ND] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-22 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB4074 (Related) 2019-07-25 - Referred to the House Committee on Financial Services.
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Criminal investigation, prosecution, interrogation
Drug trafficking and controlled substances
Finance and financial sector
Financial services and investments
Insurance industry and regulation
Licensing and registrations
Life, casualty, property insurance
State and local government operations
Banking and financial institutions regulation
Criminal investigation, prosecution, interrogation
Drug trafficking and controlled substances
Finance and financial sector
Financial services and investments
Insurance industry and regulation
Licensing and registrations
Life, casualty, property insurance
State and local government operations
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2201/all-info |
| Text | https://www.congress.gov/116/bills/s2201/BILLS-116s2201is.pdf |
