To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related legitimate business, and for other purposes.
Summary
What This Bill Does
The bill requires safe harbor for insurers and the business of insurance In this Act: The term cannabis has the meaning given the term marihuana in section 102 of the Controlled Substances Act (21 U.S.C and requires GAO study on diversity and inclusion The Comptroller General of the United States shall carry out a study on the barriers to marketplace entry, including in the licensing process, and the access to financial. It relies on compliance mandates, definition changes, product standards, and procurement rules. The main policy areas are Native American Tribes, Finance, Agriculture, and Environment.
Who Benefits and How
Tribal governments and members affected by the bill could face lower compliance burdens, Transportation operators and users affected by the bill could face lower compliance burdens, and Environmental and public health interests affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Cannabis businesses, researchers, or patients affected by the bill would take on compliance duties.
Key Provisions
- Requires safe harbor for insurers and the business of insurance In this Act: The term cannabis has the meaning given the term marihuana in section 102 of the Controlled Substances Act (21 U.S.C.
- Requires GAO study on diversity and inclusion The Comptroller General of the United States shall carry out a study on the barriers to marketplace entry, including in the licensing process, and the access to financial...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires safe harbor for insurers and the business of insurance In this Act: The term cannabis has the meaning given the term marihuana in section 102 of the Controlled Substances Act (21 U.S.C and requires GAO study on diversity and inclusion The Comptroller General of the United States shall carry out a study on the barriers to marketplace entry, including in the licensing process, and the access to financial.
Key Policy Areas
Native American Tribes, Finance, Agriculture, Environment
Primary Purpose
The bill requires safe harbor for insurers and the business of insurance In this Act: The term cannabis has the meaning given the term marihuana in section 102 of the Controlled Substances Act (21 U.S.C and requires GAO study on diversity and inclusion The Comptroller General of the United States shall carry out a study on the barriers to marketplace entry, including in the licensing process, and the access to financial.
Policy Domains
Whole bill
Identified Gains
- Tribal governments and members affected by the bill
- Transportation operators and users affected by the bill
- Environmental and public health interests affected by the bill
- Cannabis businesses, researchers, or patients affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Cannabis businesses, researchers, or patients affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Menendez (for himself, Mr. Paul, Mr. Tester, Mr. Daines, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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