Bill · S. 5049· Senate(119-S-5049)
CLAIM Act
- Introduced
- 7/21/2026
- Last activity
- 7/21/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Kevin Cramer
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The CLAIM Act seeks to create a safe harbor for insurance companies working with cannabis-related legitimate businesses. It prohibits federal agencies from discouraging, penalizing, or terminating insurance policies solely because they involve cannabis-related activities conducted under state or tribal law. The bill provides legal protections for insurers and their employees from federal liability when engaging in these business transactions. Additionally, it does not force insurers to provide coverage to these businesses. Finally, the Act mandates a study by the Comptroller General regarding barriers to market entry and financial access for minority and women-owned cannabis businesses.
Yes· 3 of 10
Would business owners be better off under this?+5
The bill protects cannabis-related legitimate businesses and their landlords from adverse federal supervisory actions.
Does this make it easier to run a small business?+5
The bill protects businesses and their landlords from federal interference regarding insurance policies related to cannabis.
Would Black Americans be better off under this?+3
The bill requires a study on financial access barriers facing minority-owned cannabis businesses.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection against federal interference for insurers: Federal agencies are prohibited from discouraging or penalizing insurers from working with cannabis-related legitimate businesses (Section 2(b)(1)).
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Stability for insurance policyholders: The bill prevents federal agencies from recommending the downgrade or cancellation of insurance policies solely because a policyholder is an owner, employee, or operator of a cannabis-related legitimate business (Section 2(b)(3)).
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Protection for real estate and equipment owners: The act prevents adverse supervisory actions against owners who lease real estate or equipment to cannabis-related legitimate businesses (Section 2(b)(4)(C)).
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Legal safety for insurance industry workers: Insurers, including their officers, directors, and employees, are protected from being held liable under federal law or regulation for engaging in the business of insurance related to legal cannabis transactions (Section 2(c)).
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Increased insight into business barriers: The Comptroller General is required to study barriers to market entry and financial service access for minority-owned and women-owned cannabis-related legitimate businesses (Section 3(a)).
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Potential for improved business equity: The required GAO report must include recommendations for removing barriers to entry and expanding access to financial services for minority and women-owned businesses (Section 3(b)(2)).
Potential Negative Impacts for People
- No requirement for coverage: The bill explicitly states that it does not require an insurer to actually engage in the business of insurance in connection with a cannabis-related legitimate business (Section 2(d)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For African Americans+3Good For Asian Americans+3Good For Hispanic Americans+3Good For Native Americans+3Good For White Americans+3Good For Women+3
- Social Issues And Justice
- Improves Gender Equality+3Improves Racial Equity+3
- Economy And Finance
- Improves Small Business Support+5
- 7/21/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
5 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ruben GallegoDemocrat · Arizona