,,ii #aaf? ,,congress #a/ ,session ,s4 #bbja ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bb1 #bjai ,mr4 ,m55dez 7= himself1 ,mr4 ,paul1 ,mr4 ,m]kley1 & ,mr4 ,cram]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to create a safe h>bor = insur]s engag+ 9 ! bus9ess ( insurance 9 connection ) a cannabis-relat$ bus9ess1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,cl>ify+ ,law ,ar\nd ,insurance ( ,m>ijuana ,act or ! ,,claim ,act4 #b4 ,safe h>bor = insur]s & ! bus9ess ( insurance 7a7 ,def9itions ,9 ?is ,act3 7#a7 ,cannabis ,! t]m cannabis has ! mean+ giv5 ! t]m m>ihuana 9 section #ajb ( ! ,controll$ ,sub/ances ,act 7#ba ,u4,s4,c4 #hjb74 7#b7 ,cannabis product ,! t]m cannabis product means any article t conta9s cannabis1 includ+ an article t is a conc5trate1 an edible1 a t9cture1 a cannabis-infus$ product1 a topical1 or a fl[]4 7#c7 ,cannabis-relat$ bus9ess ,! t]m cannabis-relat$ bus9ess means a manufactur]1 produc]1 or any p]son or company t-- 7,a7 engages 9 any activity describ$ 9 subp>agraph 7,b7 pursuant to a law e/abli%$ by a ,/ate or a political subdivision ( a ,/ate2 7,b7 7i7 p>ticipates 9 any bus9ess or organiz$ activity t involves h&l+ cannabis or cannabis products1 includ+ cultivat+1 produc+1 manufactur+1 sell+1 transport+1 display+1 disp5s+1 di/ribut+1 or pur*as+ cannabis or cannabis products or di/ribut+ or d]iv+ any proce$s1 directly or indirectly1 f cannabis or cannabis products2 or 7ii7 provides-- 7,i7 any f9ancial s]vice1 includ+ retirem5t plans or ex*ange trad$ funds1 relat+ to cannabis2 or 7,,ii7 any bus9ess s]vices1 includ+ ! sale or lease ( real or any o!r prop]ty1 legal or o!r lic5s$ s]vices1 or any o!r ancill>y s]vice1 relat+ to cannabis4 7#d7 ,f$]al ag5cy ,! t]m ,f$]al ag5cy-- 7,a7 has ! mean+ giv5 ! t]m ,executive ag5cy 9 section #aje ( title #e1 ,unit$ ,/ates ,code2 & 7,b7 includes a private attorney describ$ 9 section #cjjb7a77;,b7 ( title #bh1 ,unit$ ,/ates ,code4 7#e7 ,f9ancial s]vice ,! t]m f9ancial s]vice-- 7,a7 means a f9ancial product or s]vice1 z def9$ 9 section #ajjb ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #edha72 & 7,b7 includes ! bus9ess ( insurance4 7#f7 ,indian c\ntry ,! t]m ,indian c\ntry has ! mean+ giv5 ! t]m 9 section #aaea ( title #ah1 ,unit$ ,/ates ,code4 7#g7 ,indian tribe ,! t]m ,indian tribe has ! mean+ giv5 ! t]m 9 section #ajb ( ! ,f$]ally ,recogniz$ ,indian ,tribe ,li/ ,act ( #aiid 7#be ,u4,s4,c4 #dgi;a74 7#h7 ,insur] ,! t]m insur] has ! mean+ giv5 ! t]m 9 section #cac7r7 ( title #ca1 ,unit$ ,/ates ,code4 7#i7 ,manufactur] ,! t]m manufactur] means a p]son or company :o manufactures1 comp\nds1 conv]ts1 processes1 prep>es1 or packages cannabis or cannabis products4 7#aj7 ,produc] ,! t]m produc] means a p]son :o plants1 cultivates1 h>ve/s1 or 9 any way facilitates ! natural gr[? ( cannabis4 7#aa7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ,pu]to ,rico1 & any t]ritory or possession ( ! ,unit$ ,/ates4 7b7 ,insur]s ,a ,f$]al ag5cy may n-- 7#a7 prohibit1 p5alize1 or o!rwise disc\rage an insur] f engag+ 9 ! bus9ess ( insurance 9 connection )-- 7,a7 a cannabis-relat$ bus9ess2 or 7,b7 a ,/ate1 political subdivision ( a ,/ate1 or ,indian tribe t ex]cises jurisdiction ov] cannabis-relat$ bus9esses2 7#b7 t]m9ate1 cancel1 or o!rwise limit ! policies ( an insur] solely because ! insur] has engag$ 9 ! bus9ess ( insurance 9 connection ) a cannabis-relat$ bus9ess2 7#c7 recomm5d1 inc5tivize1 or enc\rage an insur] n to engage 9 ! bus9ess ( insurance 9 connection ) a policyhold]1 or d[ngrade or cancel ! insurance & insurance s]vices (f]$ to a policyhold] solely because-- 7,a7 ! policyhold] is-- 7i7 a manufactur] or produc]2 or 7ii7 ! own]1 op]ator1 or employee ( a cannabis-relat$ bus9ess2 7,b7 ! policyhold] lat] becomes an employee1 own]1 or op]ator ( a cannabis-relat$ bus9ess2 or 7,c7 ! insur] 0 n aw>e t ! policyhold] is an employee1 own]1 or op]ator ( a cannabis-relat$ bus9ess2 or 7#d7 take any adv]se or corrective sup]visory action on a policy to-- 7,a7 a cannabis-relat$ bus9ess1 solely because ! own] or op]ator owns or op]ates a cannabis-relat$ bus9ess2 7,b7 an employee1 own]1 or op]ator ( a cannabis-relat$ legitimate bus9ess or s]vice provid]1 solely because ! employee1 own]1 or op]ator is employ$ by1 owns1 or op]ates a cannabis-relat$ bus9ess1 z applicable2 7,c7 an own] or op]ator ( real e/ate or equipm5t t is leas$ to a cannabis-relat$ bus9ess1 solely because ! own] or op]ator ( ! real e/ate or equipm5t leas$ ! equipm5t or real e/ate to a cannabis-relat$ bus9ess1 z applicable4 7c7 ,protections "u ,f$]al law ,) respect to engag+ 9 ! bus9ess ( insurance )9 a ,/ate1 political subdivision ( a ,/ate1 or ,indian c\ntry t all[s ! cultivation1 production1 manufacture1 sale1 transportation1 display1 disp5s+1 di/ribution1 or pur*ase ( cannabis pursuant to a law 7includ+ regulations7 ( su* ,/ate1 political subdivision1 or ,indian ,tribe t has jurisdiction ov] ! ,indian c\ntry1 z applicable1 an insur] t engages 9 ! bus9ess ( insurance ) a cannabis-relat$ bus9ess or s]vice provid] or :o o!rwise engages ) a p]son 9 a transaction p]missible "u ,/ate law relat$ to cannabis1 & ! (fic]s1 directors1 & employees ( t insur] may n be held liable pursuant to any ,f$]al law 7includ+ regulations7-- 7#a7 solely = engag+ 9 ! bus9ess ( insurance2 or 7#b7 = fur!r inve/+ any income d]iv$ f su* bus9ess ( insurance4 7d7 ,rule ( con/ruction ,no?+ 9 ?is ,act %all-- 7#a7 require an insur] to engage 9 ! bus9ess ( insurance 9 connection ) a cannabis-relat$ bus9ess2 or 7#b7 int]f]e ) ! regulation ( ! bus9ess ( insurance 9 accordance ) ! ,act ( ,m>* #i1 #aide 7#ei ,/at4 #cc1 *apt] #bj2 #ae ,u4,s4,c4 #ajaa et seq47 7commonly kn[n z ! ,mc,carran-,f]guson ,act71 & ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #ecja et seq474