Protects insurers who work with legal cannabis businesses from federal penalties.
This bill would protect insurance companies from federal penalties. This applies if they provide services to cannabis businesses that are legal under state, local, or tribal laws. Right now, insurers can face trouble with the federal government for doing this. If passed, this would make it easier for legal cannabis businesses to get the insurance they need.
Today, insurance companies might face federal legal problems or be discouraged by federal agencies when they provide services to cannabis businesses. This is true even if those businesses are legal under state, local, or tribal law. If this bill becomes law, federal agencies would not be allowed to punish or discourage insurers for working with cannabis businesses that follow the law. Insurers would also be protected from federal lawsuits for doing this work or investing money from it.
HR 10471 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.