# 119-hr-7987: CLIMB Act

119-hr-7987, CLIMB Act, is a 119th Congress bill sponsored by Rep. Reschenthaler, Guy [R-PA-14] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7987
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7987
- Congress: 119
- Title: CLIMB Act
- Status: introduced
- Introduced: 2026-03-18
- Sponsor: Rep. Reschenthaler, Guy [R-PA-14] (R-PA)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Would expand legal access to capital for state-legal cannabis businesses.** It would block federal penalties for people who help those businesses and create a securities-market safe harbor so national exchanges and certain market participants can list, trade, and facilitate offerings of cannabis-related issuers and related service providers. - State-legal cannabis businesses and the companies that serve them would get clearer routes to raise funds, including listings, offerings, and trading on national exchanges under the new safe harbor. - Banks, insurers, accountants, lawyers, property lessors, and other service providers would be shielded from federal adverse actions when they provide a defined set of business assistance. The bill lists 12 categories of covered assistance such as financial products, insurance, accounting, underwriting, advertising, and logistics. - Brokers, dealers, exchanges, clearing agencies, investment advisers, and similar market participants would be authorized to list, trade, and facilitate securities of cannabis-related issuers or service providers despite conflicts with the Controlled Substances Act. - The provisions would take effect 180 days after enactment.

## Cosponsors (5)

- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2026-03-18T00:00:00.000Z
- Rep. Ryan, Patrick [D-NY-18] (D-NY), 2026-04-27T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2026-05-12T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2026-06-02T00:00:00.000Z
- Rep. Joyce, David P. [R-OH-14] (R-OH), 2026-06-09T00:00:00.000Z

## Provisions PRIA read

- Protections for cannabis service providers: benefit, medium. If enacted, this bill would stop federal agencies from taking adverse action solely because a person helps a state-legal cannabis business. "Help" would include banking, insurance, loans or investments, accounting, real estate, equipment, advertising, legal, IT, packaging, and securities services.…
- Safe harbor for cannabis stocks: benefit, medium. If enacted, this bill would let national securities exchanges and market participants list, trade, and help offer securities of state-legal cannabis companies and defined service providers. The bill would define who counts as a cannabis-related business, a service provider, and a market participant…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2253: Puppy Protection Act of 2025
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-1661: SAFE Act of 2025

## Sources
- [119-hr-7987 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7987)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2253: Puppy Protection Act of 2025](https://policyrisk.com/legislation/119-hr-2253)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-1661: SAFE Act of 2025](https://policyrisk.com/legislation/119-hr-1661)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7987 (as of 2026-09-21).