CONGRESS FOR VOTERS

RepublicanBill · H.R. 7987· House(119-HR-7987)

CLIMB Act

Rep. Reschenthaler
Age: 43 years
Pennsylvania
Introduced
3/18/2026
Last activity
3/18/2026 — Referred to the House Committee on Financial Services.
Sponsored by
Guy Reschenthaler
Cosponsors
Republican - 1Democrat - 4
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

The CLIMB Act aims to stop Federal agencies from taking adverse actions against people just because they provide business assistance to cannabis-related legitimate businesses. It provides specific definitions for business assistance, including financial services, legal services, and real estate transactions. The bill also amends the Securities Exchange Act of 1934 to establish a safe harbor for national securities exchanges. This safe harbor allows these exchanges and market participants to list and trade securities for cannabis-related legitimate businesses and service providers. The legislation includes detailed definitions for what constitutes a cannabis-related legitimate business and a service provider. These changes are set to take effect 180 days after the bill is enacted.

Yes· 3 of 4

  • Would business owners be better off under this?+7

    The bill provides legal protections and market access that benefit owners of cannabis-related legitimate businesses and their service providers.

  • Does this make it easier to run a small business?+6

    By protecting business assistance providers, the bill helps cannabis-related businesses access essential financial, legal, and real estate services.

  • Is this likely to grow the economy?+5

    The bill facilitates capital access and securities trading for the cannabis industry, which can stimulate economic activity.

The opposite

  • Government Integrity And Operations-3

    The bill limits the ability of federal agencies to take adverse actions against specific types of business assistance providers.