117th Congress · Senate bill · Last action Mar 18, 2021
S. 862In CommitteeFinance and Financial Sector
CLAIM Act
Sponsor: Sen. Menendez, Robert (D-NJ)3 cosponsorsIntroduced Mar 18, 2021
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In plain English
S. 862, sponsored by Sen. Robert Menendez (D-NJ), protects insurance companies from federal penalties or regulatory action when they provide insurance services to cannabis-related businesses in states where cannabis is legal. The bill requires the Government Accountability Office to study and report on barriers that prevent minority-owned and women-owned cannabis businesses from entering the marketplace.
What’s in the bill (2 sections)
- Sec. 2. Safe harbor for insurers and the business of insurance
- Sec. 3. Gao study on diversity and inclusion
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Note: the official CRS summary for this bill was written on 2021-03-18, but the bill text was revised on 2021-03-18T04:00:00Z. Provisions may have been added since the summary was written — the section list above reflects the current text.
Where it is in the process
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Introduced
Mar 18
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Senate committee
Mar 18
3
Senate floor
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4
House
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the Senate floor.
Community vote
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- support · - oppose · - total
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Sponsor
RS
Sen. Menendez, Robert [D-NJ]
D-NJ
Cosponsors (3)
RS
JS
SS
1 Democrat, 2 Republicans (of 3 shown).
Activity timeline
Mar 18
Mar 18, 2021
Mar 18, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 18
Mar 18, 2021
Mar 18, 2021
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 2 recorded actions since introduction · Source: Congress.gov
Mar 18
SENATERead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 18
Introduced in Senate
All 3 cosponsors
1 Democrat · 2 Republicans
Democrats (1)
Republicans (2)
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