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118th Congress · Senate bill · Last action Apr 27, 2023
Bills›Finance and Financial Sector›S. 1359Congress.gov ↗
S. 1359In CommitteeFinance and Financial Sector

CLAIM Act

Sponsor: Sen. Menendez, Robert (D-NJ)4 cosponsorsIntroduced Apr 27, 2023
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In plain English

The CLAIM Act protects insurance companies from federal penalties or enforcement action when they provide insurance services to cannabis businesses operating legally under state law. It requires the Government Accountability Office to study and report on barriers that prevent minority-owned and women-owned cannabis businesses from entering the market. Sen. Robert Menendez (D-NJ) introduced the bill with bipartisan support.

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 2023-04-27, but the bill text was revised on 2023-04-27T04:00:00Z. Provisions may have been added since the summary was written — the section list above reflects the current text.

Where it is in the process

✓
Introduced
Apr 27
✓
Senate committee
Apr 27
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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Sponsor

RS
Sen. Menendez, Robert [D-NJ]
D-NJ

Cosponsors (4)

RS
JS
SS
JS
2 Democrats, 2 Republicans (of 4 shown).

Activity timeline

Apr 27
Apr 27, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27
Apr 27, 2023
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Read full text →

Full action log

All 2 recorded actions since introduction · Source: Congress.gov
Apr 27
SENATERead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27
Introduced in Senate

All 4 cosponsors

2 Democrats · 2 Republicans
Democrats (2)
Tester, JonMT
Republicans (2)

In the news

Bloomsbury Publishing Takes 24K-SF Office at ESRT’s 1359 Broadway - Commercial Observer
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