CLAIM Act

Sponsor: Kevin Cramer (Republican-ND)July 21, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Lets insurers provide coverage to legal cannabis businesses without federal penalties.

This bill would let insurance companies provide coverage to legal cannabis businesses without facing federal penalties. It would protect insurers and their employees from federal punishment for working with state-legal cannabis businesses, making it easier for these businesses to get the insurance they need.

What Would Change

Currently, insurance companies can face federal penalties or discouragement for providing insurance to cannabis businesses. This is true even if those businesses are legal under state or local laws. If this bill becomes law, federal agencies would be blocked from penalizing or discouraging insurers. Insurers would also be protected from federal legal responsibility for insuring these state-legal cannabis businesses.

Key Provisions

Blocks federal agencies from punishing or discouraging insurers who cover state-legal cannabis businesses.
Protects insurers and their staff from federal lawsuits solely for providing insurance to state-legal cannabis businesses.
Requires the Comptroller General to study challenges faced by minority-owned and women-owned cannabis businesses.
Directs the Comptroller General to report findings and suggest ways to help these businesses access financial services.

View on Congress.gov

S 5049 · 119th Congress · July 21, 2026 · AI Summary by gemini-2.5-flash · 10/10

CLAIM Act

What Would Change

Key Provisions

Lobbying Activity