119th Congress · House bill · Last action Sep 16, 2026
H.R. 10471In CommitteeFinance and Financial Sector
CLAIM Act
Sponsor: Rep. Velázquez, Nydia M. (D-NY)1 cosponsorIntroduced Sep 16, 2026
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In plain English
H.R. 10471, sponsored by Rep. Nydia Velázquez (D-NY), creates legal protections for insurance companies that provide coverage to cannabis businesses that operate legally under state law. The bill establishes a safe harbor shielding insurers from federal liability when they offer insurance products to legitimate cannabis-related operations. The measure addresses the gap between state-legalized cannabis businesses and federal banking and insurance restrictions that have made it difficult for these businesses to obtain coverage.
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 →
Where it is in the process
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Introduced
Sep 16
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House committee
Sep 16
3
House floor
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4
Senate
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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 House floor.
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Sponsor
Cosponsors (1)
WR
All Republican.
Activity timeline
Sep 16
Sep 16
Sep 16
Referred to the House Committee on Financial Services.
Sep 16
Sep 16
Sep 16
Introduced in House
Sep 16
Sep 16
Sep 16
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 3 recorded actions since introduction · Source: Congress.gov
Sep 16
HOUSEReferred to the House Committee on Financial Services.
Sep 16
Introduced in House
Sep 16
Introduced in House
All 1 cosponsor
0 Democrats · 1 Republican
Republicans (1)
Davidson, WarrenOH-08
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