S. 5049 — CLAIM Act

This section prohibits Federal agencies from penalizing, restricting, or taking adverse actions against insurers that provide insurance to cannabis-related legitimate businesses, their owners, operators, employees, or lessors of real estate or equipment, when those businesses operate under state or tribal law. It also bars agencies from terminating or limiting insurer policies solely due to such coverage.

This section directs the Comptroller General to study barriers to marketplace entry, including licensing, and access to financial services for minority-owned and women-owned cannabis businesses. It requires submission of a report to Congress containing the study's findings and any regulatory or legislative recommendations.