To amend any applicable Federal law to permit access to community development, small business, minority development, and any other public or private financial capital sources for investment in and financing of cannabis-related legitimate businesses, and to amend the Securities Exchange Act of 1934 to create a safe harbor for national securities exchanges to list the securities of issuers that are cannabis-related legitimate businesses.
Capital Lending and Investment for Marijuana Businesses Act or the CLIMB Act
This bill allows national stock exchanges to list state-licensed cannabis-related businesses on their exchanges. It also prohibits a federal agency from bringing certain civil, criminal, regulatory, or administrative actions against a business or person because they provide assistance or services to a state-licensed cannabis-related business.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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