# 119-s-5049: CLAIM Act

119-s-5049, CLAIM Act, is a 119th Congress bill sponsored by Sen. Cramer, Kevin [R-ND] (R-ND); status introduced; PRIA reads it as touching household money (as of 2026-10-04).

- Canonical: https://policyrisk.com/legislation/119-s-5049
- As of: 2026-10-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5049
- Congress: 119
- Title: CLAIM Act
- Status: introduced
- Introduced: 2026-07-21
- Sponsor: Sen. Cramer, Kevin [R-ND] (R-ND)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-04

## Summary

**Creates a federal safe harbor protecting insurers who serve state-legal cannabis businesses.** The bill would bar federal agencies from penalizing, cancelling, or discouraging insurers solely because a policyholder or related property is involved in a cannabis-related legitimate business. It would also protect insurers and their officers from liability for providing insurance or reinvesting income from those policies when the activity is lawful under state, local, or tribal law. - Insurers: Would be shielded from adverse or corrective supervisory actions, policy termination, cancellation, limitation, or recommendations against doing business with cannabis-related legitimate businesses. This reduces a federal enforcement risk tied to offering coverage for those customers. - Cannabis businesses: Would face fewer federal obstacles to buying and keeping insurance in jurisdictions where cannabis is legal. That covers growers, manufacturers, sellers, transporters, and others defined as cannabis-related legitimate businesses. - Minority and women-owned cannabis businesses: Directs the Comptroller General to study barriers to marketplace entry, licensing, and access to financial services for minority- and women-owned cannabis businesses and report recommendations to Congress.

## Cosponsors (1)

- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-07-21T00:00:00.000Z

## Provisions PRIA read

- Protecting insurers serving legal cannabis: benefit, medium. This bill would protect insurers that sell insurance to businesses that operate under state, local, or tribal cannabis laws. Federal agencies would be barred from punishing, pressuring, canceling, or limiting insurance solely because of a connection to a legal cannabis business or a jurisdiction th…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-4949: Water Resources Development Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-3492: Essential Caregivers Act of 2025
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act

## Sources
- [119-s-5049 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5049)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-4949: Water Resources Development Act of 2026](https://policyrisk.com/legislation/119-s-4949)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3492: Essential Caregivers Act of 2025](https://policyrisk.com/legislation/119-s-3492)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act](https://policyrisk.com/legislation/119-s-3940)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5049 (as of 2026-10-04).